Investors Purchase High Volume of Ambac Financial Group Call Options (NYSE:AMBC)

Ambac Financial Group, Inc. (NYSE:AMBC - Get Free Report) was the target of some unusual options trading on Monday. Stock traders purchased 5,988 call options on the company. This represents an increase of 268% compared to the average daily volume of 1,625 call options.

Ambac Financial Group Stock Performance

Shares of NYSE:AMBC traded up $0.04 during mid-day trading on Wednesday, reaching $9.09. 1,515,336 shares of the company traded hands, compared to its average volume of 511,688. The company's 50 day moving average price is $11.46 and its 200-day moving average price is $11.66. The firm has a market cap of $431.02 million, a PE ratio of -19.75 and a beta of 1.26. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.58 and a quick ratio of 0.58. Ambac Financial Group has a 52 week low of $8.71 and a 52 week high of $18.45.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last posted its quarterly 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 business 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, equities analysts expect that Ambac Financial Group will post 0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Ambac Financial Group

Hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Ambac Financial Group by 23.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 194,034 shares of the company's stock valued at $2,455,000 after purchasing an additional 37,067 shares in the last quarter. Western Standard LLC grew its holdings in Ambac Financial Group by 64.3% during the fourth quarter. Western Standard LLC now owns 453,530 shares of the company's stock worth $5,737,000 after acquiring an additional 177,567 shares during the period. Two Sigma Advisers LP acquired a new stake in Ambac Financial Group in the fourth quarter valued at approximately $267,000. Two Sigma Investments LP grew its holdings in Ambac Financial Group by 41.1% in the fourth quarter. Two Sigma Investments LP now owns 132,295 shares of the company's stock valued at $1,674,000 after purchasing an additional 38,540 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in Ambac Financial Group in the fourth quarter valued at approximately $92,000. Institutional investors own 84.49% 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.