Ambac Financial Group Sees Unusually Large Options Volume (NYSE:AMBC)

Ambac Financial Group, Inc. (NYSE:AMBC) was the target of some unusual options trading on Thursday. Traders acquired 11,463 call options on the company. This represents an increase of 470% compared to the typical volume of 2,011 call options.

Ambac Financial Group Price Performance

Ambac Financial Group stock opened at $14.95 on Friday. Ambac Financial Group has a 52 week low of $11.26 and a 52 week high of $17.80. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.46. The company’s 50 day moving average price is $15.58 and its two-hundred day moving average price is $14.84. The stock has a market cap of $676.04 million, a P/E ratio of 99.67 and a beta of 1.30.

Ambac Financial Group (NYSE:AMBC) last issued its 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. The business had revenue of $76.00 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 period in the previous year, the firm earned $4.18 EPS. On average, equities analysts predict that Ambac Financial Group will post 0.45 earnings per share for the current year.

Institutional Trading of Ambac Financial Group

Several institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its position in Ambac Financial Group by 2.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,544 shares of the company’s stock valued at $603,000 after buying an additional 849 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Ambac Financial Group during the fourth quarter worth about $250,000. GTS Securities LLC boosted its holdings in shares of Ambac Financial Group by 910.1% during the fourth quarter. GTS Securities LLC now owns 129,982 shares of the company’s stock worth $2,142,000 after purchasing an additional 117,114 shares during the period. Legal & General Group Plc boosted its holdings in shares of Ambac Financial Group by 4.3% during the fourth quarter. Legal & General Group Plc now owns 124,907 shares of the company’s stock worth $2,058,000 after purchasing an additional 5,103 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Ambac Financial Group by 78.1% during the fourth quarter. Barclays PLC now owns 96,322 shares of the company’s stock worth $1,588,000 after purchasing an additional 42,242 shares during the period. 84.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Ambac Financial Group from a “sell” rating to a “hold” rating in a report on Monday, April 8th.

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.