Janney Montgomery Scott LLC Trims Stock Holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP)

Janney Montgomery Scott LLC lowered its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 550,925 shares of the company’s stock after selling 90,943 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ardagh Metal Packaging were worth $1,658,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AMBP. Dimensional Fund Advisors LP boosted its stake in Ardagh Metal Packaging by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 749,853 shares of the company’s stock worth $2,550,000 after acquiring an additional 15,637 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Ardagh Metal Packaging by 422.4% in the 2nd quarter. AQR Capital Management LLC now owns 319,165 shares of the company’s stock worth $1,085,000 after purchasing an additional 258,067 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Ardagh Metal Packaging in the 2nd quarter worth approximately $188,000. Mackenzie Financial Corp purchased a new stake in shares of Ardagh Metal Packaging in the 2nd quarter worth approximately $405,000. Finally, Quarry LP bought a new position in Ardagh Metal Packaging during the 2nd quarter valued at approximately $45,000. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Performance

AMBP opened at $2.77 on Monday. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -23.04, a PEG ratio of 0.54 and a beta of 0.65. The company has a fifty day moving average of $3.09 and a 200 day moving average of $3.45. Ardagh Metal Packaging S.A. has a fifty-two week low of $2.66 and a fifty-two week high of $4.26.

Analyst Ratings Changes

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

Ardagh Metal Packaging 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.