UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 37,067 Shares of Ambac Financial Group, Inc. (NYSE:AMBC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 23.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 194,034 shares of the company's stock after acquiring an additional 37,067 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.41% of Ambac Financial Group worth $2,455,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AMBC. Two Sigma Investments LP grew its position in Ambac Financial Group by 41.1% during the fourth quarter. Two Sigma Investments LP now owns 132,295 shares of the company's stock worth $1,674,000 after buying an additional 38,540 shares in the last quarter. Barclays PLC boosted its holdings 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 valued at $4,216,000 after acquiring an additional 88,863 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ambac Financial Group by 8.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,807 shares of the company's stock valued at $326,000 after buying an additional 1,958 shares during the period. Bank of America Corp DE raised its stake in shares of Ambac Financial Group by 166.4% during the fourth quarter. Bank of America Corp DE now owns 194,061 shares of the company's stock valued at $2,455,000 after acquiring an additional 121,228 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Ambac Financial Group by 3.9% during 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 during the period. Institutional investors and hedge funds own 84.49% of the company's stock.

Ambac Financial Group Trading Down 0.4%

NYSE:AMBC traded down $0.03 on Tuesday, reaching $6.75. 978,681 shares of the stock traded hands, compared to its average volume of 764,168. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.10. Ambac Financial Group, Inc. has a 1-year low of $5.99 and a 1-year high of $13.64. The company's 50 day moving average is $7.53 and its 200-day moving average is $9.88. The firm has a market capitalization of $313.15 million, a price-to-earnings ratio of -14.66 and a beta of 0.90.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). The firm had revenue of $15.68 million for the quarter, compared to the consensus estimate of $33.00 million. Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. Equities research analysts anticipate that Ambac Financial Group, Inc. will post 0.6 EPS for the current fiscal year.

Insider Transactions at Ambac Financial Group

In related news, Director Jeffrey Scott Stein acquired 15,000 shares of the stock in a transaction dated Wednesday, May 14th. The stock was bought at an average price of $6.46 per share, for a total transaction of $96,900.00. Following the purchase, the director now directly owns 50,000 shares of the company's stock, valued at $323,000. The trade was a 42.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.20% of the company's stock.

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.