Ambac Financial Group, Inc. (NYSE:AMBC) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its position in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 42.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,259 shares of the company’s stock after selling 68,932 shares during the quarter. Los Angeles Capital Management LLC owned 0.21% of Ambac Financial Group worth $1,570,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in AMBC. Hsbc Holdings PLC increased its position in Ambac Financial Group by 27.3% during the third quarter. Hsbc Holdings PLC now owns 305,185 shares of the company’s stock worth $3,723,000 after buying an additional 65,366 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new stake in Ambac Financial Group in the 4th quarter worth approximately $178,000. Invesco Ltd. boosted its position in Ambac Financial Group by 5.9% during the third quarter. Invesco Ltd. now owns 885,456 shares of the company’s stock worth $10,679,000 after purchasing an additional 49,529 shares during the period. American Century Companies Inc. raised its position in shares of Ambac Financial Group by 20.6% in the third quarter. American Century Companies Inc. now owns 427,678 shares of the company’s stock valued at $5,158,000 after purchasing an additional 73,191 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Ambac Financial Group by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 640,084 shares of the company’s stock worth $7,719,000 after buying an additional 14,466 shares during the period. 84.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Ambac Financial Group Trading Up 19.3 %

Ambac Financial Group stock opened at $18.04 on Wednesday. Ambac Financial Group, Inc. has a 12 month low of $11.26 and a 12 month high of $18.19. The stock has a market cap of $815.77 million, a price-to-earnings ratio of 120.27 and a beta of 1.30. The business has a 50 day moving average price of $15.16 and a two-hundred day moving average price of $15.21. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.46.

Ambac Financial Group (NYSE:AMBC) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.61. The firm had revenue of $103.00 million for the quarter. Ambac Financial Group had a net margin of 1.48% and a return on equity of 6.99%. During the same quarter in the prior year, the firm earned ($0.30) EPS. As a group, equities analysts forecast that Ambac Financial Group, Inc. will post 0.45 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.