Renaissance Technologies LLC Lowers Stock Holdings in Ambac Financial Group, Inc. (NYSE:AMBC)

Renaissance Technologies LLC lessened its stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 57.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 124,200 shares of the company's stock after selling 165,300 shares during the quarter. Renaissance Technologies LLC owned approximately 0.26% of Ambac Financial Group worth $1,571,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMBC. Aigen Investment Management LP purchased a new stake in Ambac Financial Group during the 4th quarter valued at $146,000. AXQ Capital LP purchased a new stake in shares of Ambac Financial Group during the fourth quarter worth about $153,000. 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 worth $156,000 after purchasing 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 4th quarter valued at about $201,000. Institutional investors own 84.49% of the company's stock.

Ambac Financial Group Trading Up 1.3 %

NYSE AMBC traded up $0.11 on Friday, hitting $8.11. The company's stock had a trading volume of 79,340 shares, compared to its average volume of 687,090. The firm has a market cap of $414.09 million, a P/E ratio of -17.62 and a beta of 1.09. Ambac Financial Group, Inc. has a 52-week low of $6.33 and a 52-week high of $18.45. The company's 50-day simple moving average is $8.24 and its 200 day simple moving average is $10.68. 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 (NYSE:AMBC - Get Free Report) last announced 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). The business had revenue of $18.93 million during the quarter, compared to analysts' expectations of $24.83 million. Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. Research analysts predict that Ambac Financial Group, Inc. will post 0.6 EPS 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.