Ambac Financial Group Sees Unusually Large Options Volume (NYSE:AMBC)

Ambac Financial Group, Inc. (NYSE:AMBC - Get Free Report) saw some unusual options trading on Tuesday. Stock traders purchased 30,144 call options on the company. This represents an increase of 996% compared to the typical daily volume of 2,750 call options.

Ambac Financial Group Price Performance

AMBC traded up $0.02 during trading on Friday, reaching $6.57. 941,600 shares of the company were exchanged, compared to its average volume of 659,196. 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 company has a market cap of $303.67 million, a price-to-earnings ratio of -14.28 and a beta of 1.09. Ambac Financial Group has a 12-month low of $6.33 and a 12-month high of $18.45. The company's 50-day moving average is $9.37 and its two-hundred day moving average is $11.03.

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

Hedge Funds Weigh In On Ambac Financial Group

A number of institutional investors have recently added to or reduced their stakes in AMBC. State Street Corp raised its position in shares of Ambac Financial Group by 2.6% during the 3rd quarter. State Street Corp now owns 1,653,544 shares of the company's stock valued at $18,536,000 after buying an additional 42,504 shares in the last quarter. Barclays PLC raised its position in Ambac Financial Group by 30.9% during the third quarter. Barclays PLC now owns 376,102 shares of the company's stock valued at $4,216,000 after purchasing an additional 88,863 shares in the last quarter. Geode Capital Management LLC lifted 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 purchasing an additional 28,573 shares during the last quarter. VELA Investment Management LLC bought a new stake in Ambac Financial Group during the fourth quarter worth about $792,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Ambac Financial Group by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 229,954 shares of the company's stock worth $2,909,000 after purchasing an additional 6,589 shares in the last quarter. 84.49% of the stock is currently owned by institutional investors.

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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.