Verition Fund Management LLC Grows Position in Ambac Financial Group, Inc. (NYSE:AMBC)

Verition Fund Management LLC raised its position in shares of Ambac Financial Group, Inc. (NYSE:AMBCGet Rating) by 170.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,000 shares of the company’s stock after acquiring an additional 87,000 shares during the period. Verition Fund Management LLC owned approximately 0.30% of Ambac Financial Group worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in shares of Ambac Financial Group in the first quarter valued at $26,000. Long Focus Capital Management LLC purchased a new position in shares of Ambac Financial Group in the fourth quarter valued at $161,000. Everence Capital Management Inc. purchased a new position in shares of Ambac Financial Group in the first quarter valued at $113,000. SG Americas Securities LLC purchased a new position in shares of Ambac Financial Group in the first quarter valued at $144,000. Finally, Hightower 6M Holding LLC purchased a new position in shares of Ambac Financial Group in the first quarter valued at $147,000. 76.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMBC. StockNews.com raised shares of Ambac Financial Group to a “sell” rating in a report on Monday, May 23rd. TheStreet upgraded Ambac Financial Group from a “d+” rating to a “c-” rating in a research report on Wednesday, September 7th.

Ambac Financial Group Stock Up 0.3 %

Shares of AMBC opened at $14.74 on Tuesday. The company has a market cap of $662.75 million, a PE ratio of 184.25 and a beta of 1.16. The business has a fifty day moving average of $13.76 and a 200 day moving average of $12.16. Ambac Financial Group, Inc. has a 52-week low of $7.24 and a 52-week high of $17.86. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 6.54.

Ambac Financial Group (NYSE:AMBCGet Rating) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter. The company had revenue of $86.00 million during the quarter. Ambac Financial Group had a return on equity of 4.13% and a net margin of 0.65%.

Ambac Financial Group Company Profile

(Get Rating)

Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; specialty property & casualty program insurance; credit derivative contracts; and interest rate derivative transactions, as well as managing general agency / underwriting services.

Featured Articles

Want to see what other hedge funds are holding AMBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ambac Financial Group, Inc. (NYSE:AMBCGet Rating).

Institutional Ownership by Quarter for Ambac Financial Group (NYSE:AMBC)

Receive News & Ratings for Ambac Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambac Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.