PDT Partners LLC Has $357,000 Stock Position in Ambac Financial Group, Inc. (NYSE:AMBC)

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

Other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its position in shares of Ambac Financial Group by 30.9% in the third quarter. Barclays PLC now owns 376,102 shares of the company's stock worth $4,216,000 after purchasing an additional 88,863 shares in the last quarter. American Century Companies Inc. lifted its position in Ambac Financial Group by 3.9% in the 4th quarter. American Century Companies Inc. now owns 929,345 shares of the company's stock worth $11,756,000 after buying an additional 34,861 shares in the last quarter. VELA Investment Management LLC acquired a new stake in shares of Ambac Financial Group during the 4th quarter valued at $792,000. Principal Financial Group Inc. grew its holdings in shares of Ambac Financial Group by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 229,954 shares of the company's stock valued at $2,909,000 after acquiring an additional 6,589 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Ambac Financial Group in the fourth quarter worth $3,328,000. Hedge funds and other institutional investors own 84.49% of the company's stock.

Ambac Financial Group Stock Up 0.5 %

AMBC traded up $0.04 during trading on Wednesday, reaching $8.15. 75,215 shares of the stock traded hands, compared to its average volume of 690,513. The stock's 50-day simple moving average is $8.04 and its two-hundred day simple moving average is $10.59. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.58 and a quick ratio of 0.58. Ambac Financial Group, Inc. has a fifty-two week low of $6.33 and a fifty-two week high of $18.45. The stock has a market cap of $416.39 million, a price-to-earnings ratio of -17.71 and a beta of 0.86.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.18). The firm had revenue of $18.93 million during the quarter, compared to the consensus estimate of $24.83 million. Ambac Financial Group had a negative net margin of 6.28% and a positive return on equity of 2.51%. As a group, equities research analysts expect that Ambac Financial Group, Inc. will post 0.6 EPS for the current year.

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.