IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases 124,455 Shares of Ardagh Metal Packaging S.A. $AMBP

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 39.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 438,734 shares of the company’s stock after purchasing an additional 124,455 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.07% of Ardagh Metal Packaging worth $1,751,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital Investment Advisory Services LLC acquired a new stake in shares of Ardagh Metal Packaging in the third quarter valued at approximately $40,000. Dynamic Technology Lab Private Ltd bought a new stake in Ardagh Metal Packaging in the 1st quarter valued at $43,000. Capula Management Ltd acquired a new stake in Ardagh Metal Packaging during the 2nd quarter valued at $45,000. Brighton Jones LLC bought a new position in Ardagh Metal Packaging during the second quarter worth $47,000. Finally, Captrust Financial Advisors acquired a new position in shares of Ardagh Metal Packaging in the second quarter valued at $47,000. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Performance

AMBP opened at $4.82 on Friday. Ardagh Metal Packaging S.A. has a 52-week low of $2.50 and a 52-week high of $5.03. The firm has a market cap of $2.88 billion, a P/E ratio of -482.00, a price-to-earnings-growth ratio of 1.07 and a beta of 0.56. The business’s fifty day moving average is $4.22 and its 200-day moving average is $3.91.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AMBP shares. Raymond James Financial began coverage on shares of Ardagh Metal Packaging in a research note on Wednesday, October 15th. They set a “market perform” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Ardagh Metal Packaging in a research report on Wednesday, January 21st. Truist Financial upped their target price on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Tuesday, January 6th. UBS Group lifted their price target on Ardagh Metal Packaging from $4.00 to $4.25 and gave the stock a “neutral” rating in a report on Monday, January 12th. Finally, Morgan Stanley set a $4.30 price objective on Ardagh Metal Packaging in a research report on Thursday, January 8th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.51.

Ardagh Metal Packaging Profile

Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.