Ambac Financial Group, Inc. (NYSE:AMBC) Shares Acquired by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC boosted its holdings in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 19.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 744,750 shares of the company's stock after purchasing an additional 123,360 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 1.57% of Ambac Financial Group worth $8,349,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. PDT Partners LLC raised its position in shares of Ambac Financial Group by 1.7% in the 3rd quarter. PDT Partners LLC now owns 63,382 shares of the company's stock valued at $711,000 after purchasing an additional 1,032 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in Ambac Financial Group by 0.7% in the third quarter. Public Sector Pension Investment Board now owns 172,656 shares of the company's stock valued at $1,935,000 after acquiring an additional 1,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Ambac Financial Group by 20.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,826 shares of the company's stock valued at $126,000 after acquiring an additional 1,637 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Ambac Financial Group by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,405 shares of the company's stock worth $601,000 after acquiring an additional 1,861 shares in the last quarter. Finally, Quarry LP increased its position in shares of Ambac Financial Group by 830.7% in the 2nd quarter. Quarry LP now owns 2,364 shares of the company's stock worth $30,000 after purchasing an additional 2,110 shares during the last quarter. Hedge funds and other institutional investors own 84.49% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on AMBC shares. Roth Capital raised shares of Ambac Financial Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 18th. Roth Mkm upgraded Ambac Financial Group from a "neutral" rating to a "buy" rating and boosted their price target for the company from $13.00 to $15.00 in a report on Wednesday, September 18th. Finally, StockNews.com lowered Ambac Financial Group from a "hold" rating to a "sell" rating in a research report on Wednesday, August 14th.

Ambac Financial Group Stock Performance

AMBC traded up $0.03 on Thursday, hitting $12.82. 337,552 shares of the company's stock were exchanged, compared to its average volume of 467,911. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.10. The stock has a fifty day moving average of $11.79 and a two-hundred day moving average of $12.37. Ambac Financial Group, Inc. has a twelve month low of $10.12 and a twelve month high of $18.45. The firm has a market cap of $608.18 million, a PE ratio of -27.80 and a beta of 1.25.

Insider Activity

In other Ambac Financial Group news, Director Kristi Ann Matus purchased 2,700 shares of the stock in a transaction dated Thursday, September 26th. The shares were bought at an average cost of $11.27 per share, with a total value of $30,429.00. Following the completion of the acquisition, the director now owns 2,700 shares of the company's stock, valued at approximately $30,429. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.00% of the company's stock.

About Ambac Financial Group

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.