Ardagh Metal Packaging Sees Unusually High Options Volume (NYSE:AMBP)

Ardagh Metal Packaging S.A. (NYSE:AMBP) saw unusually large options trading activity on Tuesday. Traders purchased 5,017 call options on the company. This is an increase of 1,217% compared to the average daily volume of 381 call options.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMBP. Wedmont Private Capital bought a new position in shares of Ardagh Metal Packaging during the fourth quarter valued at approximately $39,000. Greenwich Wealth Management LLC raised its stake in Ardagh Metal Packaging by 29.7% during the third quarter. Greenwich Wealth Management LLC now owns 14,780 shares of the company’s stock valued at $46,000 after buying an additional 3,388 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in Ardagh Metal Packaging during the fourth quarter valued at $46,000. Prime Capital Investment Advisors LLC bought a new stake in Ardagh Metal Packaging in the fourth quarter worth $47,000. Finally, Brown Advisory Inc. purchased a new stake in shares of Ardagh Metal Packaging in the third quarter worth $63,000. 16.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMBP has been the topic of a number of research reports. Truist Financial restated a “hold” rating and set a $3.00 price target (down previously from $4.00) on shares of Ardagh Metal Packaging in a research report on Monday, February 26th. UBS Group began coverage on shares of Ardagh Metal Packaging in a research report on Tuesday, January 16th. They set a “buy” rating and a $5.00 price target for the company. Morgan Stanley initiated coverage on shares of Ardagh Metal Packaging in a research report on Monday, March 18th. They issued an “underweight” rating and a $3.20 price objective on the stock. Wells Fargo & Company raised their target price on Ardagh Metal Packaging from $3.70 to $3.75 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Finally, Barclays lowered Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 price objective on the stock. in a research report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $4.31.

Ardagh Metal Packaging Price Performance

Ardagh Metal Packaging stock opened at $3.96 on Thursday. Ardagh Metal Packaging has a fifty-two week low of $2.57 and a fifty-two week high of $4.17. The stock’s 50 day simple moving average is $3.48 and its two-hundred day simple moving average is $3.59. The company has a quick ratio of 0.58, a current ratio of 0.95 and a debt-to-equity ratio of 124.21.

Ardagh Metal Packaging (NYSE:AMBP) last released its earnings results on Thursday, April 25th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Ardagh Metal Packaging had a positive return on equity of 55.91% and a negative net margin of 1.26%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. As a group, equities analysts forecast that Ardagh Metal Packaging will post 0.17 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.11%. The ex-dividend date of this dividend is Wednesday, June 12th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -285.69%.

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.