Ardagh Group S.A. (ARD) Position Increased by Capital Research Global Investors
Capital Research Global Investors boosted its stake in Ardagh Group S.A. (NYSE:ARD) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,018,438 shares of the company’s stock after acquiring an additional 18,438 shares during the period. Capital Research Global Investors owned 0.43% of Ardagh Group worth $23,027,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Federated Investors Inc. PA raised its holdings in Ardagh Group by 18.6% in the second quarter. Federated Investors Inc. PA now owns 94,180 shares of the company’s stock valued at $2,130,000 after acquiring an additional 14,770 shares in the last quarter. Schroder Investment Management Group raised its holdings in Ardagh Group by 74.7% in the second quarter. Schroder Investment Management Group now owns 698,724 shares of the company’s stock valued at $15,819,000 after acquiring an additional 298,724 shares in the last quarter. BlueMar Capital Management LLC acquired a new stake in Ardagh Group in the first quarter valued at $2,916,000. UBS Group AG acquired a new stake in Ardagh Group in the first quarter valued at $2,913,000. Finally, Ngam Advisors L.P. acquired a new stake in Ardagh Group in the first quarter valued at $644,000. 99.93% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Ardagh Group from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Barclays PLC reissued a “hold” rating and set a $23.00 target price on shares of Ardagh Group in a report on Wednesday, August 2nd. Finally, BMO Capital Markets initiated coverage on shares of Ardagh Group in a report on Monday, June 19th. They set a “market perform” rating and a $26.00 target price on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Ardagh Group has an average rating of “Buy” and a consensus target price of $24.17.
Shares of Ardagh Group S.A. (NYSE ARD) opened at 21.19 on Friday. The firm’s market cap is $5.01 billion. The company has a 50 day moving average of $20.83 and a 200-day moving average of $21.48. Ardagh Group S.A. has a 12-month low of $0.09 and a 12-month high of $24.54.
Ardagh Group (NYSE:ARD) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.24. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.01 billion. The company’s quarterly revenue was up 57.8% compared to the same quarter last year. Equities research analysts forecast that Ardagh Group S.A. will post $1.74 EPS for the current fiscal year.
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Ardagh Group Company Profile
Ardagh Group SA, formerly Ardagh Finance Holdings SA, is a Luxembourg-based company engaged in the packing industry. The Company focuses on the design and manufacture of rigid packaging solutions mainly for food and beverage markets. Its activities are divided into two business segments: Metal packing, which supplies aluminum and steel beverage cans, two-piece aluminum, two-piece tinplate and three-piece tinplate food and specialty cans, as well as a range of can ends, among others, and Glass packing, which delivers glass containers, bottles and jars, among others.
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