Yes, you're looking at a reduction here. Metal-ammonia systems generate solvated electrons, and can be used to reduce CC multiple bonds.
In the case of a,b-unsaturated carbonyls you will get reduction to the enolate. Then addition of ammonium chloride quenches any excess reagent, and your enolate is protonated and equilibrates back to the ketone.
Another notable use of such systems is the reduction of alkynes to trans alkenes (whereas hydrogenation would give the cis alkene).