Redhawk Wealth Advisors Inc. Purchases New Holdings in Ardagh Metal Packaging S.A. $AMBP

Redhawk Wealth Advisors Inc. acquired a new position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 240,110 shares of the company’s stock, valued at approximately $984,000.

Other large investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ardagh Metal Packaging by 3.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,392,929 shares of the company’s stock valued at $41,468,000 after purchasing an additional 323,790 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Ardagh Metal Packaging by 3,867.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,546,227 shares of the company’s stock valued at $15,178,000 after buying an additional 3,456,833 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ardagh Metal Packaging by 18.4% during the third quarter. Dimensional Fund Advisors LP now owns 3,486,321 shares of the company’s stock valued at $13,909,000 after buying an additional 541,261 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Ardagh Metal Packaging by 603.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,357,953 shares of the company’s stock valued at $9,408,000 after buying an additional 2,022,889 shares during the period. Finally, Gilman Hill Asset Management LLC raised its position in Ardagh Metal Packaging by 0.9% during the third quarter. Gilman Hill Asset Management LLC now owns 2,014,500 shares of the company’s stock valued at $8,038,000 after buying an additional 17,237 shares during the period. 16.93% of the stock is owned by institutional investors and hedge funds.

Ardagh Metal Packaging Price Performance

Shares of AMBP stock opened at $3.95 on Monday. Ardagh Metal Packaging S.A. has a fifty-two week low of $2.53 and a fifty-two week high of $5.03. The stock’s 50-day moving average is $4.49 and its two-hundred day moving average is $4.08. The firm has a market cap of $2.36 billion, a P/E ratio of -394.50, a PEG ratio of 0.97 and a beta of 0.53.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Ardagh Metal Packaging had a negative return on equity of 37.42% and a net margin of 0.20%.The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business posted $0.03 EPS. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, research analysts expect that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend was Thursday, March 12th. Ardagh Metal Packaging’s payout ratio is currently -4,000.00%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley set a $4.30 target price on Ardagh Metal Packaging in a research note on Thursday, January 8th. UBS Group raised their price target on shares of Ardagh Metal Packaging from $4.00 to $4.25 and gave the stock a “neutral” rating in a report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ardagh Metal Packaging in a research report on Wednesday, January 21st. Wells Fargo & Company dropped their price objective on shares of Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Friday, March 20th. Finally, Truist Financial increased their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.51.

Ardagh Metal Packaging Profile

Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.