Ambac Financial Group, Inc. (NYSE:AMBC) Shares Bought by Yousif Capital Management LLC

Yousif Capital Management LLC raised its holdings in Ambac Financial Group, Inc. (NYSE:AMBC) by 30.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,420 shares of the company’s stock after purchasing an additional 6,896 shares during the period. Yousif Capital Management LLC owned 0.07% of Ambac Financial Group worth $485,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMBC. Hsbc Holdings PLC lifted its stake in Ambac Financial Group by 27.3% in the 3rd quarter. Hsbc Holdings PLC now owns 305,185 shares of the company’s stock valued at $3,723,000 after buying an additional 65,366 shares in the last quarter. Cornerstone Investment Partners LLC purchased a new stake in shares of Ambac Financial Group in the fourth quarter valued at $178,000. Invesco Ltd. boosted its stake in shares of Ambac Financial Group by 5.9% during the third quarter. Invesco Ltd. now owns 885,456 shares of the company’s stock valued at $10,679,000 after acquiring an additional 49,529 shares during the last quarter. American Century Companies Inc. increased its position in Ambac Financial Group by 20.6% during the 3rd quarter. American Century Companies Inc. now owns 427,678 shares of the company’s stock worth $5,158,000 after purchasing an additional 73,191 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Ambac Financial Group by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 640,084 shares of the company’s stock valued at $7,719,000 after purchasing an additional 14,466 shares in the last quarter. 84.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Ambac Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday.

Ambac Financial Group Stock Performance

NYSE AMBC opened at $14.67 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.46. The company has a market capitalization of $663.38 million, a PE ratio of 97.81 and a beta of 1.30. The business’s 50-day moving average price is $15.16 and its 200 day moving average price is $15.11. Ambac Financial Group, Inc. has a twelve month low of $11.26 and a twelve month high of $17.80.

Ambac Financial Group (NYSE:AMBC) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.03 by $0.29. The firm had revenue of $76.00 million during the quarter. Ambac Financial Group had a net margin of 1.48% and a return on equity of 6.99%. During the same period last year, the company posted $4.18 EPS. On average, research analysts predict that Ambac Financial Group, Inc. will post 0.45 earnings per share for the current 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.