Invesco Ltd. boosted its position in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 18.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 375,513 shares of the company's stock after purchasing an additional 58,630 shares during the quarter. Invesco Ltd. owned about 0.79% of Ambac Financial Group worth $4,750,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in AMBC. Aigen Investment Management LP bought a new stake in Ambac Financial Group in the fourth quarter valued at $146,000. AXQ Capital LP bought a new position in shares of Ambac Financial Group in the fourth quarter worth approximately $153,000. Bank of Montreal Can raised its holdings in Ambac Financial Group by 19.5% during the 4th 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 during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Ambac Financial Group during the 4th quarter valued at about $157,000. Finally, Maryland State Retirement & Pension System purchased a new position in Ambac Financial Group during the fourth quarter valued at $201,000. 84.49% of the stock is owned by institutional investors.
Ambac Financial Group Price Performance
Shares of AMBC traded up $0.03 during mid-day trading on Thursday, hitting $8.01. 60,408 shares of the stock were exchanged, compared to its average volume of 686,380. Ambac Financial Group, Inc. has a 52-week low of $6.33 and a 52-week high of $18.45. The firm has a 50-day moving average of $8.31 and a two-hundred day moving average of $10.70. The company has a market cap of $408.98 million, a PE ratio of -17.40 and a beta of 1.09. 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 (NYSE:AMBC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $18.93 million during the quarter, compared to the consensus estimate of $24.83 million. On average, equities analysts predict that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current year.
Ambac Financial Group Company Profile
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Free Report)
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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