Ardagh Metal Packaging S.A. (NYSE:AMBP) Short Interest Update

Ardagh Metal Packaging S.A. (NYSE:AMBP) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 3,007,048 shares, a drop of 29.4% from the December 15th total of 4,260,134 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 1,057,246 shares, the days-to-cover ratio is presently 2.8 days. Based on an average daily volume of 1,057,246 shares, the days-to-cover ratio is presently 2.8 days. Currently, 0.5% of the shares of the company are sold short.

Ardagh Metal Packaging Stock Performance

Shares of AMBP stock traded down $0.02 during mid-day trading on Monday, reaching $4.37. The company’s stock had a trading volume of 2,994,044 shares, compared to its average volume of 725,430. The firm’s 50-day moving average is $3.97 and its two-hundred day moving average is $3.92. The company has a market cap of $2.61 billion, a P/E ratio of -437.00, a PEG ratio of 0.97 and a beta of 0.55. Ardagh Metal Packaging has a 1-year low of $2.50 and a 1-year high of $4.78.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. Ardagh Metal Packaging had a net margin of 0.30% and a negative return on equity of 58.16%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the business posted $0.08 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Sell-side analysts anticipate that Ardagh Metal Packaging 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, November 13th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 9.2%. The ex-dividend date was Monday, November 3rd. Ardagh Metal Packaging’s dividend payout ratio is presently -4,000.00%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMBP. Weiss Ratings restated a “hold (c)” rating on shares of Ardagh Metal Packaging in a research note on Wednesday, October 8th. Wells Fargo & Company reduced their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 15th. Raymond James Financial began coverage on shares of Ardagh Metal Packaging in a research report on Wednesday, October 15th. They set a “market perform” rating on the stock. Truist Financial upped their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “hold” rating in a research note on Tuesday, January 6th. Finally, UBS Group boosted their price objective 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. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $4.51.

Institutional Investors Weigh In On Ardagh Metal Packaging

A number of hedge funds have recently added to or reduced their stakes in AMBP. Pallas Capital Advisors LLC acquired a new position in shares of Ardagh Metal Packaging during the 2nd quarter worth about $43,000. Signaturefd LLC grew its stake in Ardagh Metal Packaging by 237.4% in the second quarter. Signaturefd LLC now owns 11,382 shares of the company’s stock valued at $49,000 after acquiring an additional 8,009 shares during the period. CWM LLC raised its position in shares of Ardagh Metal Packaging by 9.6% during the second quarter. CWM LLC now owns 40,104 shares of the company’s stock worth $172,000 after purchasing an additional 3,523 shares during the period. Russell Investments Group Ltd. increased its stake in Ardagh Metal Packaging by 538.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 645,792 shares of the company’s stock worth $2,764,000 after purchasing an additional 544,652 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Ardagh Metal Packaging during the 2nd quarter worth approximately $342,000. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Company 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.