Hillsdale Investment Management Inc. Takes $2.92 Million Position in Ardagh Metal Packaging S.A. $AMBP

Hillsdale Investment Management Inc. acquired a new position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) in the 2nd quarter, Holdings Channel reports. The fund acquired 682,863 shares of the company’s stock, valued at approximately $2,923,000.

Several other institutional investors also recently modified their holdings of AMBP. JPMorgan Chase & Co. lifted its position in Ardagh Metal Packaging by 310.1% during the second quarter. JPMorgan Chase & Co. now owns 729,506 shares of the company’s stock valued at $3,122,000 after purchasing an additional 551,616 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Ardagh Metal Packaging by 9.5% during the 2nd quarter. Intech Investment Management LLC now owns 78,426 shares of the company’s stock valued at $336,000 after buying an additional 6,772 shares in the last quarter. Creative Planning bought a new stake in shares of Ardagh Metal Packaging during the 2nd quarter worth $109,000. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Ardagh Metal Packaging by 11.5% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 32,897 shares of the company’s stock worth $141,000 after acquiring an additional 3,391 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Ardagh Metal Packaging in the second quarter worth $2,031,000. 16.93% of the stock is currently owned by institutional investors.

Ardagh Metal Packaging Stock Up 0.9%

NYSE AMBP opened at $3.76 on Friday. The company has a 50-day simple moving average of $3.71 and a two-hundred day simple moving average of $3.90. Ardagh Metal Packaging S.A. has a 12-month low of $2.50 and a 12-month high of $4.78. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of -375.50, a PEG ratio of 1.15 and a beta of 0.55.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. Ardagh Metal Packaging had a negative return on equity of 58.16% and a net margin of 0.30%.The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the business earned $0.08 earnings per share. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Equities analysts expect that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were given a $0.10 dividend. The ex-dividend date was Monday, November 3rd. This represents a $0.40 annualized dividend and a yield of 10.7%. Ardagh Metal Packaging’s payout ratio is presently -4,000.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lowered their price target on Ardagh Metal Packaging from $4.50 to $4.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 15th. Raymond James Financial initiated coverage on Ardagh Metal Packaging in a research report on Wednesday, October 15th. They set a “market perform” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Ardagh Metal Packaging in a research report on Wednesday, October 8th. Finally, UBS Group boosted their target price on Ardagh Metal Packaging from $3.75 to $4.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $4.22.

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.