Ambac Financial Group (NYSE:AMBC) Upgraded to Hold by StockNews.com

StockNews.com upgraded shares of Ambac Financial Group (NYSE:AMBC) from a sell rating to a hold rating in a report issued on Monday morning.

Ambac Financial Group Stock Up 0.2 %

AMBC opened at $15.90 on Monday. The company has a market cap of $718.52 million, a P/E ratio of 106.01 and a beta of 1.30. The business’s 50-day moving average price is $15.67 and its 200-day moving average price is $14.80. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.46. Ambac Financial Group has a 12 month low of $11.26 and a 12 month high of $17.80.

Ambac Financial Group (NYSE:AMBC) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.29. Ambac Financial Group had a return on equity of 6.99% and a net margin of 1.48%. The company had revenue of $76.00 million for the quarter. During the same quarter in the prior year, the firm earned $4.18 EPS. On average, equities analysts expect that Ambac Financial Group will post 0.45 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC increased its holdings in Ambac Financial Group by 27.3% during the 3rd quarter. Hsbc Holdings PLC now owns 305,185 shares of the company’s stock valued at $3,723,000 after purchasing an additional 65,366 shares during the period. Invesco Ltd. boosted its position in Ambac Financial Group by 5.9% during the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 valued at $7,719,000 after acquiring an additional 14,466 shares in the last quarter. American Century Companies Inc. boosted 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 valued at $5,158,000 after acquiring an additional 73,191 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its position in Ambac Financial Group by 64.8% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 408,719 shares of the company’s stock valued at $4,929,000 after acquiring an additional 160,709 shares in the last quarter. Hedge funds and other institutional investors own 84.49% of the company’s stock.

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.