Ambac Financial Group Target of Unusually Large Options Trading (NYSE:AMBC)

Ambac Financial Group, Inc. (NYSE:AMBC) saw some unusual options trading activity on Thursday. Investors bought 11,463 call options on the stock. This represents an increase of approximately 470% compared to the typical volume of 2,011 call options.

Ambac Financial Group Stock Performance

NYSE AMBC opened at $15.10 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 50-day simple moving average of $15.61 and a 200 day simple moving average of $14.82. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $682.90 million, a PE ratio of 100.67 and a beta of 1.30.

Ambac Financial Group (NYSE:AMBC) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.29. Ambac Financial Group had a net margin of 1.48% and a return on equity of 6.99%. The business had revenue of $76.00 million during the quarter. During the same quarter last year, the business posted $4.18 EPS. On average, research analysts predict that Ambac Financial Group will post 0.45 EPS for the current year.

Institutional Trading of Ambac Financial Group

Large investors have recently added to or reduced their stakes in the stock. Gyon Technologies Capital Management LP purchased a new stake in Ambac Financial Group during the fourth quarter worth about $28,000. Point72 Hong Kong Ltd bought a new position in Ambac Financial Group during the first quarter worth about $26,000. Gladius Capital Management LP boosted its position in Ambac Financial Group by 71.3% during the third quarter. Gladius Capital Management LP now owns 2,528 shares of the company’s stock worth $31,000 after purchasing an additional 1,052 shares during the period. Quarry LP boosted its position in Ambac Financial Group by 75.1% during the first quarter. Quarry LP now owns 2,660 shares of the company’s stock worth $41,000 after purchasing an additional 1,141 shares during the period. Finally, Royal Bank of Canada boosted its position in Ambac Financial Group by 45.6% during the second quarter. Royal Bank of Canada now owns 4,878 shares of the company’s stock worth $70,000 after purchasing an additional 1,527 shares during the period. Hedge funds and other institutional investors own 84.49% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.