SG Americas Securities LLC Raises Holdings in Ardagh Metal Packaging S.A. (NYSE:AMBP)

SG Americas Securities LLC boosted its position in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 44.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,250 shares of the company’s stock after purchasing an additional 22,574 shares during the quarter. SG Americas Securities LLC’s holdings in Ardagh Metal Packaging were worth $220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of AMBP. Ballentine Partners LLC purchased a new stake in Ardagh Metal Packaging in the 3rd quarter valued at about $42,000. nVerses Capital LLC lifted its holdings in shares of Ardagh Metal Packaging by 70.4% during the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock valued at $46,000 after acquiring an additional 5,000 shares in the last quarter. Signaturefd LLC boosted its position in shares of Ardagh Metal Packaging by 23.1% in the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock worth $71,000 after buying an additional 3,515 shares during the period. HighTower Advisors LLC lifted its position in Ardagh Metal Packaging by 106.7% during the 3rd quarter. HighTower Advisors LLC now owns 32,524 shares of the company’s stock worth $122,000 after acquiring an additional 16,786 shares in the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in Ardagh Metal Packaging in the 3rd quarter worth approximately $124,000. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Price Performance

Ardagh Metal Packaging stock opened at $2.51 on Friday. Ardagh Metal Packaging S.A. has a 12 month low of $2.50 and a 12 month high of $4.26. The company has a fifty day moving average price of $2.98 and a two-hundred day moving average price of $3.42. The company has a market cap of $1.50 billion, a PE ratio of -20.87, a P/E/G ratio of 0.54 and a beta of 0.64.

Analysts Set New Price Targets

AMBP has been the topic of a number of analyst reports. UBS Group dropped their price objective 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. Morgan Stanley upgraded shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and cut their price objective for the stock from $3.60 to $3.10 in a report on Monday, January 13th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $3.35 target price (down from $3.60) on shares of Ardagh Metal Packaging in a research report on Thursday, January 16th. Citigroup reduced their price target on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Bank of America downgraded Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $4.90 to $4.00 in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Ardagh Metal Packaging currently has an average rating of “Hold” and an average target price of $3.37.

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.