Connor Clark & Lunn Investment Management Ltd. Purchases New Position in Ambac Financial Group, Inc. (NYSE:AMBC)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 47,306 shares of the company's stock, valued at approximately $598,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of Ambac Financial Group as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in AMBC. Amundi boosted its stake in shares of Ambac Financial Group by 224.4% during the fourth quarter. Amundi now owns 24,217 shares of the company's stock valued at $281,000 after purchasing an additional 16,752 shares during the period. Aigen Investment Management LP purchased a new stake in Ambac Financial Group during the 4th quarter valued at $146,000. VELA Investment Management LLC bought a new stake in Ambac Financial Group in the 4th quarter worth $792,000. Y Intercept Hong Kong Ltd grew its holdings in Ambac Financial Group by 22.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 38,850 shares of the company's stock worth $491,000 after acquiring an additional 7,216 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Ambac Financial Group by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 229,954 shares of the company's stock valued at $2,909,000 after acquiring an additional 6,589 shares during the period. Hedge funds and other institutional investors own 84.49% of the company's stock.

Ambac Financial Group Trading Up 0.7 %

Shares of Ambac Financial Group stock traded up $0.07 during trading on Wednesday, reaching $8.96. 738,505 shares of the stock were exchanged, compared to its average volume of 591,830. 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 firm has a market cap of $414.10 million, a price-to-earnings ratio of -19.47 and a beta of 1.26. Ambac Financial Group, Inc. has a 1 year low of $7.92 and a 1 year high of $18.45. The stock's fifty day moving average is $10.53 and its 200 day moving average is $11.40.

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Ambac Financial Group (NYSE:AMBC - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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%. As a group, equities research analysts expect that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current fiscal year.

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.