Essex Financial Services Inc. Sells 4,940 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

Essex Financial Services Inc. lessened its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 3.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 158,547 shares of the company’s stock after selling 4,940 shares during the quarter. Essex Financial Services Inc.’s holdings in Ardagh Metal Packaging were worth $477,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. The Manufacturers Life Insurance Company bought a new stake in shares of Ardagh Metal Packaging during the 2nd quarter worth approximately $188,000. Creative Planning increased its stake in Ardagh Metal Packaging by 170.1% in the third quarter. Creative Planning now owns 38,766 shares of the company’s stock worth $146,000 after purchasing an additional 24,414 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in shares of Ardagh Metal Packaging by 3.1% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 477,958 shares of the company’s stock worth $1,802,000 after purchasing an additional 14,246 shares during the last quarter. nVerses Capital LLC boosted its stake in shares of Ardagh Metal Packaging by 70.4% during the third quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock valued at $46,000 after purchasing an additional 5,000 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Ardagh Metal Packaging by 23,445.6% in the third quarter. Blue Trust Inc. now owns 34,612 shares of the company’s stock worth $130,000 after purchasing an additional 34,465 shares during the last quarter. Institutional investors own 16.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMBP. Wells Fargo & Company reiterated an “equal weight” rating and set a $3.35 price objective (down previously from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday, January 16th. UBS Group decreased their price target on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a research note on Friday, January 10th. Morgan Stanley raised Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $3.60 to $3.10 in a research note on Monday, January 13th. Bank of America lowered Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and decreased their target price for the company from $4.90 to $4.00 in a research report on Wednesday, December 11th. Finally, Citigroup dropped their price target on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ardagh Metal Packaging presently has an average rating of “Hold” and a consensus price target of $3.37.

Ardagh Metal Packaging Stock Down 2.2 %

Shares of AMBP stock opened at $2.63 on Thursday. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -21.91, a PEG ratio of 0.51 and a beta of 0.64. Ardagh Metal Packaging S.A. has a 52-week low of $2.50 and a 52-week high of $4.26. The company’s 50 day moving average is $2.92 and its 200 day moving average is $3.39.

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.