Trexquant Investment LP Takes Position in Ambac Financial Group, Inc. $AMBC

Key Points

• Trexquant Investment LP has acquired a new stake in Ambac Financial Group, purchasing 161,096 shares valued at approximately $1,410,000, which represents about 0.32% of the company's stock.
• Ambac Financial Group reported quarterly earnings of ($0.22) per share, surpassing expectations despite a negative net margin of 215.40% and revenue of $16.20 million compared to a forecast of $55.59 million.
• Analysts have set an average target price of $12.50 for Ambac Financial Group and have rated the stock primarily as a "Buy," suggesting a positive outlook for the company's future performance.

Trexquant Investment LP acquired a new stake in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 161,096 shares of the company's stock, valued at approximately $1,410,000. Trexquant Investment LP owned about 0.32% of Ambac Financial Group as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. AlphaQuest LLC bought a new stake in shares of Ambac Financial Group in the 1st quarter valued at $61,000. EntryPoint Capital LLC acquired a new position in shares of Ambac Financial Group during the 1st quarter valued at $177,000. Third Avenue Management LLC lifted its position in shares of Ambac Financial Group by 59.0% during the 1st quarter. Third Avenue Management LLC now owns 366,461 shares of the company's stock valued at $3,207,000 after acquiring an additional 136,045 shares during the period. Quantbot Technologies LP lifted its position in shares of Ambac Financial Group by 148.1% during the 1st quarter. Quantbot Technologies LP now owns 100,308 shares of the company's stock valued at $878,000 after acquiring an additional 59,874 shares during the period. Finally, Fox Run Management L.L.C. lifted its position in shares of Ambac Financial Group by 68.4% during the 1st quarter. Fox Run Management L.L.C. now owns 45,171 shares of the company's stock valued at $395,000 after acquiring an additional 18,354 shares during the period. 84.49% of the stock is owned by institutional investors.

Ambac Financial Group Trading Down 0.8%

AMBC opened at $9.11 on Friday. The company's fifty day moving average price is $8.19 and its two-hundred day moving average price is $8.09. Ambac Financial Group, Inc. has a 1-year low of $5.99 and a 1-year high of $13.64. The company has a market cap of $422.89 million, a price-to-earnings ratio of -0.67 and a beta of 0.96.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.02. Ambac Financial Group had a negative net margin of 215.40% and a negative return on equity of 3.50%. The firm had revenue of $16.20 million for the quarter, compared to the consensus estimate of $55.59 million. As a group, equities analysts forecast that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ambac Financial Group news, CEO Claude Leblanc acquired 25,000 shares of the stock in a transaction on Monday, August 11th. The shares were purchased at an average price of $7.03 per share, for a total transaction of $175,750.00. Following the completion of the acquisition, the chief executive officer owned 603,291 shares in the company, valued at approximately $4,241,135.73. This represents a 4.32% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.20% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial started coverage on shares of Ambac Financial Group in a research report on Tuesday, July 15th. They set a "buy" rating and a $10.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $12.50.

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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