New York State Teachers Retirement System Sells 3,104 Shares of Ambac Financial Group, Inc. (NYSE:AMBC)

New York State Teachers Retirement System trimmed its position in Ambac Financial Group, Inc. (NYSE:AMBC) by 6.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 44,830 shares of the company’s stock after selling 3,104 shares during the period. New York State Teachers Retirement System owned about 0.10% of Ambac Financial Group worth $739,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its position in Ambac Financial Group by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 96,345 shares of the company’s stock valued at $1,588,000 after buying an additional 764 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Ambac Financial Group by 6.9% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 12,301 shares of the company’s stock valued at $175,000 after buying an additional 789 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Ambac Financial Group by 1.9% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 43,895 shares of the company’s stock valued at $560,000 after buying an additional 835 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Ambac Financial Group by 5.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,837 shares of the company’s stock valued at $239,000 after buying an additional 1,002 shares during the last quarter. Finally, Gladius Capital Management LP boosted its position in Ambac Financial Group by 71.3% in the 3rd quarter. Gladius Capital Management LP now owns 2,528 shares of the company’s stock valued at $30,000 after buying an additional 1,052 shares during the last quarter. 84.49% of the stock is currently owned by institutional investors.

Ambac Financial Group Stock Down 0.4 %

NYSE:AMBC opened at $14.00 on Friday. Ambac Financial Group, Inc. has a 12-month low of $11.26 and a 12-month 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 firm has a market capitalization of $633.08 million, a P/E ratio of 93.34 and a beta of 1.30. The stock’s fifty day simple moving average is $15.46 and its 200-day simple moving average is $14.89.

Ambac Financial Group (NYSE:AMBC) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $76.00 million for the quarter. During the same quarter in the prior year, the business earned $4.18 earnings per share. Equities research analysts expect that Ambac Financial Group, Inc. will post 0.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.