Verition Fund Management LLC raised its position in shares of Ambac Financial Group, Inc. (NYSE:AMBC – Get 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 %
Ambac Financial Group (NYSE:AMBC – Get 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
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.
- Get a free copy of the StockNews.com research report on Ambac Financial Group (AMBC)
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