Ambac Financial Group, Inc. $AMBC Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. lowered its position in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 16.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,922 shares of the company’s stock after selling 7,249 shares during the quarter. Fox Run Management L.L.C.’s holdings in Ambac Financial Group were worth $269,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC lifted its stake in shares of Ambac Financial Group by 65,933.3% during the 2nd quarter. CWM LLC now owns 3,962 shares of the company’s stock worth $28,000 after purchasing an additional 3,956 shares during the period. AlphaQuest LLC purchased a new stake in shares of Ambac Financial Group in the first quarter valued at $61,000. DRW Securities LLC acquired a new position in Ambac Financial Group in the first quarter valued at $94,000. State of Wyoming lifted its position in Ambac Financial Group by 469.4% during the first quarter. State of Wyoming now owns 14,758 shares of the company’s stock worth $129,000 after buying an additional 12,166 shares during the period. Finally, Petrus Trust Company LTA acquired a new stake in Ambac Financial Group in the 1st quarter worth about $170,000. 84.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Ambac Financial Group news, CEO Claude Leblanc bought 25,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were acquired at an average price of $8.54 per share, with a total value of $213,500.00. Following the purchase, the chief executive officer owned 1,021,777 shares in the company, valued at approximately $8,725,975.58. The trade was a 2.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AMBC has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ambac Financial Group in a research note on Tuesday. Truist Financial upped their price target on shares of Ambac Financial Group from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $15.00.

Ambac Financial Group Price Performance

Ambac Financial Group stock opened at $9.50 on Friday. The company has a market cap of $440.91 million, a price-to-earnings ratio of -0.70 and a beta of 0.96. Ambac Financial Group, Inc. has a 12 month low of $5.99 and a 12 month high of $13.64. The stock’s 50-day moving average is $8.74 and its 200-day moving average is $8.16.

Ambac Financial Group (NYSE:AMBC) last posted its earnings results on Monday, November 10th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.02. Ambac Financial Group had a negative net margin of 215.40% and a negative return on equity of 3.50%. The firm had revenue of $66.61 million during the quarter, compared to the consensus estimate of $56.77 million. Research analysts anticipate that Ambac Financial Group, Inc. will post 0.6 EPS for the current year.

Ambac Financial Group 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.