Ambac Financial Group, Inc. (NYSE:AMBC) Position Trimmed by Marshall Wace LLP

Marshall Wace LLP lowered its position in shares of Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 26.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 266,939 shares of the company's stock after selling 97,635 shares during the period. Marshall Wace LLP owned approximately 0.56% of Ambac Financial Group worth $3,377,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC grew its position in shares of Ambac Financial Group by 30.9% during the 3rd quarter. Barclays PLC now owns 376,102 shares of the company's stock valued at $4,216,000 after buying an additional 88,863 shares during the last quarter. Geode Capital Management LLC raised its stake in Ambac Financial Group by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,028,956 shares of the company's stock worth $11,537,000 after acquiring an additional 28,573 shares during the period. JPMorgan Chase & Co. raised 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 during the period. Exchange Traded Concepts LLC raised its stake in Ambac Financial Group by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 164,474 shares of the company's stock worth $2,081,000 after acquiring an additional 6,760 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Ambac Financial Group by 5.1% in the fourth quarter. Empowered Funds LLC now owns 181,633 shares of the company's stock valued at $2,298,000 after purchasing an additional 8,784 shares during the period. Hedge funds and other institutional investors own 84.49% of the company's stock.

Ambac Financial Group Price Performance

Shares of Ambac Financial Group stock traded up $0.06 on Monday, hitting $8.05. The company had a trading volume of 643,344 shares, compared to its average volume of 685,758. The business has a 50-day simple moving average of $8.45 and a 200-day simple moving average of $10.74. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.58 and a quick ratio of 0.58. The company has a market cap of $411.28 million, a PE ratio of -17.50 and a beta of 1.09. Ambac Financial Group, Inc. has a 52 week low of $6.33 and a 52 week high of $18.45.

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