Arrowstreet Capital Limited Partnership cut its position in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 31.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,172 shares of the company's stock after selling 78,248 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.35% of Ambac Financial Group worth $2,115,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of AMBC. Norges Bank purchased a new stake in shares of Ambac Financial Group during the 4th quarter worth approximately $3,328,000. JPMorgan Chase & Co. lifted its position in Ambac Financial Group by 56.9% in the third quarter. JPMorgan Chase & Co. now owns 254,072 shares of the company's stock valued at $2,848,000 after acquiring an additional 92,100 shares during the last quarter. Barclays PLC boosted its stake in Ambac Financial Group by 30.9% in the third quarter. Barclays PLC now owns 376,102 shares of the company's stock valued at $4,216,000 after acquiring an additional 88,863 shares in the last quarter. VELA Investment Management LLC purchased a new position in shares of Ambac Financial Group during the fourth quarter worth about $792,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Ambac Financial Group during the fourth quarter worth about $598,000. Hedge funds and other institutional investors own 84.49% of the company's stock.
Ambac Financial Group Stock Performance
AMBC stock traded up $0.23 on Wednesday, hitting $7.23. The company's stock had a trading volume of 146,083 shares, compared to its average volume of 659,913. The stock has a market cap of $334.24 million, a price-to-earnings ratio of -15.66 and a beta of 1.09. The firm has a 50 day moving average of $9.18 and a two-hundred day moving average of $10.97. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.10. Ambac Financial Group, Inc. has a 1 year low of $6.33 and a 1 year high of $18.45.
Ambac Financial Group (NYSE:AMBC - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.18). The business had revenue of $18.93 million for 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%. Equities analysts predict that Ambac Financial Group, Inc. will post 0.6 EPS for the current fiscal year.
About Ambac Financial Group
(
Free Report)
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.
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