UBS Group AG Has $6.76 Million Stock Holdings in Ambac Financial Group, Inc. (NYSE:AMBC)

UBS Group AG lifted its position in shares of Ambac Financial Group, Inc. (NYSE:AMBC – Get Rating) by 3,245.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 387,770 shares of the company’s stock after purchasing an additional 376,179 shares during the period. UBS Group AG owned 0.86% of Ambac Financial Group worth $6,763,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AMBC. Point72 Hong Kong Ltd bought a new stake in shares of Ambac Financial Group during the 1st quarter worth about $26,000. Mutual of America Capital Management LLC increased its position in Ambac Financial Group by 18.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 8,946 shares of the company’s stock worth $114,000 after purchasing an additional 1,381 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ambac Financial Group by 19.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,189 shares of the company’s stock worth $143,000 after purchasing an additional 1,359 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in Ambac Financial Group during the 3rd quarter worth approximately $146,000. Finally, Pathstone Family Office LLC acquired a new position in Ambac Financial Group during the 3rd quarter worth approximately $158,000. Institutional investors own 69.84% of the company’s stock.

Analysts Set New Price Targets

AMBC has been the subject of several recent research reports. StockNews.com cut shares of Ambac Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Roth Capital reaffirmed a “neutral” rating on shares of Ambac Financial Group in a research note on Wednesday, March 1st.

Ambac Financial Group Stock Up 0.1 %

Ambac Financial Group stock opened at $14.12 on Friday. The stock has a market cap of $639.95 million, a PE ratio of 1.33 and a beta of 1.15. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.80 and a current ratio of 0.80. Ambac Financial Group, Inc. has a fifty-two week low of $10.04 and a fifty-two week high of $17.75. The firm’s 50-day simple moving average is $14.94 and its 200 day simple moving average is $15.82.

Ambac Financial Group (NYSE:AMBC – Get Rating) last posted its quarterly earnings results on Wednesday, May 10th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.07. Ambac Financial Group had a net margin of 103.61% and a return on equity of 52.87%. The company had revenue of $58.00 million for the quarter. During the same period last year, the firm earned $0.30 EPS. Research analysts predict that Ambac Financial Group, Inc. will post -1.25 EPS for the current fiscal year.

About Ambac Financial Group

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Ambac Financial Group, Inc is a holding company, which engages in the provision of financial guarantee insurance policies through its subsidiary, Ambac Assurance Corp. Its services include credit, insurance, asset management and other financial services. The company was founded on April 29, 1991 and is headquartered in New York, NY.