Wolf Hill Capital Management LP Acquires New Shares in Ambac Financial Group, Inc. (NYSE:AMBC)

Wolf Hill Capital Management LP acquired a new position in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,000,003 shares of the company's stock, valued at approximately $12,650,000. Ambac Financial Group makes up 0.9% of Wolf Hill Capital Management LP's investment portfolio, making the stock its 23rd biggest position. Wolf Hill Capital Management LP owned about 2.11% of Ambac Financial Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in Ambac Financial Group by 2.6% in the third quarter. State Street Corp now owns 1,653,544 shares of the company's stock worth $18,536,000 after purchasing an additional 42,504 shares during the period. Barclays PLC increased its stake in shares of Ambac Financial Group by 30.9% in the 3rd quarter. Barclays PLC now owns 376,102 shares of the company's stock worth $4,216,000 after acquiring an additional 88,863 shares in the last quarter. Geode Capital Management LLC lifted its position in Ambac Financial Group by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,028,956 shares of the company's stock valued at $11,537,000 after acquiring an additional 28,573 shares during the period. JPMorgan Chase & Co. boosted its stake in Ambac Financial Group by 56.9% during the third quarter. JPMorgan Chase & Co. now owns 254,072 shares of the company's stock worth $2,848,000 after acquiring an additional 92,100 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Ambac Financial Group by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 164,474 shares of the company's stock worth $2,081,000 after purchasing an additional 6,760 shares during the period. 84.49% of the stock is owned by hedge funds and other institutional investors.

Ambac Financial Group Stock Up 3.2 %

Shares of AMBC stock traded up $0.25 during trading hours on Friday, hitting $8.00. 879,303 shares of the company's stock traded hands, compared to its average volume of 684,688. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 2.10. The stock's fifty day simple moving average is $8.52 and its two-hundred day simple moving average is $10.77. Ambac Financial Group, Inc. has a 12-month low of $6.33 and a 12-month high of $18.45. The stock has a market cap of $408.73 million, a price-to-earnings ratio of -17.39 and a beta of 1.09.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.18). The company had revenue of $18.93 million during the quarter, compared to analysts' expectations of $24.83 million. Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. On average, analysts expect that Ambac Financial Group, Inc. will post 0.6 EPS for the current year.

Ambac Financial Group Company Profile

Ambac Financial Group, Inc operates as a financial services holding company. It operates three businesses: Specialty Property and Casualty Insurance, Insurance Distribution, and Legacy Financial Guarantee (LFG) Insurance. The Specialty Property and Casualty Insurance business provides specialty property and casualty program insurance with a focus commercial and personal liability risks.