Ambac Financial Group, Inc. (NYSE:AMBC) Shares Acquired by Barclays PLC

Barclays PLC lifted its holdings in shares of Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 429,861 shares of the company's stock after purchasing an additional 53,759 shares during the quarter. Barclays PLC owned about 0.91% of Ambac Financial Group worth $5,438,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. raised its stake in shares of Ambac Financial Group by 18.5% in the 4th quarter. Invesco Ltd. now owns 375,513 shares of the company's stock valued at $4,750,000 after acquiring an additional 58,630 shares during the period. Bank of Montreal Can grew its stake in shares of Ambac Financial Group by 19.5% in the fourth quarter. Bank of Montreal Can now owns 12,357 shares of the company's stock valued at $156,000 after buying an additional 2,018 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Ambac Financial Group by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,046,510 shares of the company's stock valued at $13,242,000 after buying an additional 17,554 shares during the period. Alliancebernstein L.P. lifted its stake in Ambac Financial Group by 58.4% during the 4th quarter. Alliancebernstein L.P. now owns 41,240 shares of the company's stock worth $522,000 after acquiring an additional 15,200 shares in the last quarter. Finally, Norges Bank purchased a new position in Ambac Financial Group during the 4th quarter valued at about $3,328,000. 84.49% of the stock is currently owned by hedge funds and other institutional investors.

Ambac Financial Group Stock Up 0.5 %

Shares of AMBC traded up $0.04 during mid-day trading on Thursday, hitting $8.02. 71,267 shares of the company's stock were exchanged, compared to its average volume of 686,421. The stock's 50-day moving average is $8.31 and its 200-day moving average is $10.70. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.58 and a current 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 company has a market cap of $409.70 million, a price-to-earnings ratio of -17.42 and a beta of 1.09.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.18). Ambac Financial Group had a negative net margin of 6.28% and a positive return on equity of 2.51%. The company had revenue of $18.93 million during the quarter, compared to analyst estimates of $24.83 million. On average, sell-side analysts anticipate that Ambac Financial Group, Inc. will post 0.6 earnings per share 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.