Vanguard Group Inc. Lowers Stake in Ambac Financial Group, Inc. (NYSE:AMBC)

Vanguard Group Inc. decreased its holdings in shares of Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,823,779 shares of the company's stock after selling 135,709 shares during the period. Vanguard Group Inc. owned approximately 10.67% of Ambac Financial Group worth $58,175,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AMBC. Point72 Hong Kong Ltd bought a new stake in Ambac Financial Group during the first quarter worth about $26,000. Gyon Technologies Capital Management LP bought a new stake in shares of Ambac Financial Group in the 4th quarter valued at about $28,000. Gladius Capital Management LP lifted its stake in shares of Ambac Financial Group by 71.3% in the 3rd quarter. Gladius Capital Management LP now owns 2,528 shares of the company's stock valued at $31,000 after acquiring an additional 1,052 shares during the last quarter. Quarry LP lifted its stake in shares of Ambac Financial Group by 75.1% in the 1st quarter. Quarry LP now owns 2,660 shares of the company's stock valued at $41,000 after acquiring an additional 1,141 shares during the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Ambac Financial Group in the 1st quarter valued at about $45,000. Institutional investors own 84.49% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Ambac Financial Group from a "sell" rating to a "hold" rating in a research note on Monday.

Ambac Financial Group Trading Up 0.2 %

NYSE:AMBC traded up $0.03 during mid-day trading on Monday, reaching $15.90. 250,421 shares of the company's stock traded hands, compared to its average volume of 376,432. Ambac Financial Group, Inc. has a 12-month low of $11.26 and a 12-month high of $17.80. The firm has a market capitalization of $718.52 million, a price-to-earnings ratio of 106.01 and a beta of 1.30. The company has a debt-to-equity ratio of 2.46, a current ratio of 0.72 and a quick ratio of 0.72. The company has a 50 day moving average price of $15.67 and a 200-day moving average price of $14.80.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.29. Ambac Financial Group had a return on equity of 6.99% and a net margin of 1.48%. The company had revenue of $76.00 million for the quarter. During the same quarter in the prior year, the firm earned $4.18 EPS. On average, sell-side analysts predict that Ambac Financial Group, Inc. will post 0.45 earnings per share for the current year.

Ambac Financial Group Company 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.