Ardagh Metal Packaging S.A. (NYSE:AMBP) Sees Significant Decrease in Short Interest

Ardagh Metal Packaging S.A. (NYSE:AMBP) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 3,660,000 shares, a decrease of 14.9% from the March 31st total of 4,300,000 shares. Approximately 2.7% of the shares of the company are short sold. Based on an average daily volume of 1,760,000 shares, the days-to-cover ratio is currently 2.1 days.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley upgraded shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and decreased their price target for the stock from $3.60 to $3.10 in a research note on Monday, January 13th. UBS Group decreased their target price on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Citigroup dropped their price target on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $3.35 price target (down previously from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $3.44.

Ardagh Metal Packaging Stock Down 1.6 %

Shares of Ardagh Metal Packaging stock opened at $3.65 on Monday. Ardagh Metal Packaging has a 12-month low of $2.50 and a 12-month high of $4.26. The stock has a market capitalization of $2.18 billion, a P/E ratio of -30.41, a price-to-earnings-growth ratio of 0.54 and a beta of 0.54. The company has a 50-day simple moving average of $2.95 and a 200 day simple moving average of $3.11.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.17 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $0.01 earnings per share. On average, equities analysts anticipate that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.40 annualized dividend and a yield of 10.96%. Ardagh Metal Packaging’s payout ratio is -1,000.00%.

Hedge Funds Weigh In On Ardagh Metal Packaging

Institutional investors and hedge funds have recently bought and sold shares of the business. Dakota Wealth Management increased its stake in shares of Ardagh Metal Packaging by 4.0% in the first quarter. Dakota Wealth Management now owns 152,579 shares of the company’s stock valued at $461,000 after buying an additional 5,897 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in Ardagh Metal Packaging by 140.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 9,173 shares of the company’s stock worth $28,000 after acquiring an additional 5,361 shares during the last quarter. CWM LLC increased its position in Ardagh Metal Packaging by 321.2% in the 1st quarter. CWM LLC now owns 36,581 shares of the company’s stock valued at $110,000 after acquiring an additional 27,896 shares in the last quarter. Cerity Partners LLC bought a new position in shares of Ardagh Metal Packaging in the first quarter worth about $43,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Ardagh Metal Packaging by 29,478.5% during the first quarter. Nisa Investment Advisors LLC now owns 65,960 shares of the company’s stock worth $199,000 after purchasing an additional 65,737 shares in the last quarter. Institutional investors and hedge funds own 16.93% of the company’s stock.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.