Ambac Financial Group, Inc. (NYSE:AMBC) Shares Sold by PDT Partners LLC

PDT Partners LLC lowered its position in shares of Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 55.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,185 shares of the company's stock after selling 35,197 shares during the period. PDT Partners LLC owned 0.06% of Ambac Financial Group worth $357,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wolf Hill Capital Management LP acquired a new position in shares of Ambac Financial Group during the 4th quarter worth about $12,650,000. Portolan Capital Management LLC acquired a new position in Ambac Financial Group in the fourth quarter valued at approximately $7,456,000. Norges Bank purchased a new position in Ambac Financial Group in the fourth quarter valued at approximately $3,328,000. JPMorgan Chase & Co. raised its holdings in Ambac Financial Group by 56.9% during the third quarter. JPMorgan Chase & Co. now owns 254,072 shares of the company's stock worth $2,848,000 after purchasing an additional 92,100 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Ambac Financial Group by 30.9% during the 3rd quarter. Barclays PLC now owns 376,102 shares of the company's stock worth $4,216,000 after buying an additional 88,863 shares during the last quarter. Hedge funds and other institutional investors own 84.49% of the company's stock.

Ambac Financial Group Trading Up 0.3 %

Shares of Ambac Financial Group stock opened at $8.01 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.10. The company has a fifty day simple moving average of $8.24 and a 200-day simple moving average of $10.68. The stock has a market cap of $408.98 million, a price-to-earnings ratio of -17.40 and a beta of 1.09. Ambac Financial Group, Inc. has a 12-month low of $6.33 and a 12-month high of $18.45.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.18). Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. The firm had revenue of $18.93 million for the quarter, compared to analysts' expectations of $24.83 million. On average, equities analysts forecast that Ambac Financial Group, Inc. will post 0.6 EPS for the current fiscal year.

Ambac Financial Group 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.

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