Ambac Financial Group (NYSE:AMBC) Rating Increased to Hold at StockNews.com

Ambac Financial Group (NYSE:AMBC) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

Ambac Financial Group Trading Up 0.1 %

Shares of NYSE:AMBC opened at $18.33 on Wednesday. Ambac Financial Group has a 12-month low of $11.26 and a 12-month high of $18.45. The business has a 50 day moving average of $15.23 and a 200-day moving average of $15.25. 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 stock has a market cap of $828.88 million, a PE ratio of 122.21 and a beta of 1.30.

Ambac Financial Group (NYSE:AMBC) last released its quarterly earnings results on Monday, May 6th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.61. The business had revenue of $103.00 million during the quarter. Ambac Financial Group had a return on equity of 6.99% and a net margin of 1.48%. During the same quarter last year, the firm earned ($0.30) earnings per share. As a group, equities research analysts forecast that Ambac Financial Group will post 0.45 earnings per share for the current year.

Institutional Trading of Ambac Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of Ambac Financial Group by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,603,679 shares of the company’s stock worth $42,908,000 after purchasing an additional 65,733 shares during the period. FMR LLC increased its stake in Ambac Financial Group by 1.3% during the 3rd quarter. FMR LLC now owns 2,020,168 shares of the company’s stock worth $24,363,000 after acquiring an additional 26,012 shares during the period. Invesco Ltd. raised its holdings in Ambac Financial Group by 5.9% in the 3rd quarter. Invesco Ltd. now owns 885,456 shares of the company’s stock valued at $10,679,000 after acquiring an additional 49,529 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ambac Financial Group by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 649,577 shares of the company’s stock valued at $10,705,000 after acquiring an additional 9,493 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Ambac Financial Group by 20.6% during the 3rd quarter. American Century Companies Inc. now owns 427,678 shares of the company’s stock worth $5,158,000 after purchasing an additional 73,191 shares in the last quarter. Institutional investors and hedge funds own 84.49% of the company’s stock.

About Ambac Financial Group

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.