Russell Investments Group Ltd. Trims Stock Holdings in Ambac Financial Group, Inc. (NYSE:AMBC)

Russell Investments Group Ltd. trimmed its position in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 32.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,536 shares of the company's stock after selling 82,472 shares during the period. Russell Investments Group Ltd. owned approximately 0.36% of Ambac Financial Group worth $2,157,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Aigen Investment Management LP purchased a new stake in shares of Ambac Financial Group in the fourth quarter valued at approximately $146,000. AXQ Capital LP purchased a new stake in shares of Ambac Financial Group during the 4th quarter worth $153,000. KLP Kapitalforvaltning AS acquired a new position in shares of Ambac Financial Group during the 4th quarter worth $157,000. XTX Topco Ltd purchased a new position in shares of Ambac Financial Group in the 3rd quarter valued at about $172,000. Finally, Maryland State Retirement & Pension System acquired a new stake in shares of Ambac Financial Group in the fourth quarter valued at about $201,000. 84.49% of the stock is owned by institutional investors and hedge funds.

Ambac Financial Group Price Performance

AMBC stock traded up $0.14 during trading on Thursday, reaching $7.66. 40,999 shares of the company were exchanged, compared to its average volume of 677,733. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.58 and a current ratio of 0.58. The stock's 50 day moving average price is $8.67 and its 200 day moving average price is $10.81. Ambac Financial Group, Inc. has a 52-week low of $6.33 and a 52-week high of $18.45. The company has a market cap of $391.36 million, a P/E ratio of -16.64 and a beta of 1.09.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.18). The firm had revenue of $18.93 million during the quarter, compared to analyst estimates of $24.83 million. Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. As a group, analysts predict that Ambac Financial Group, Inc. will post 0.6 earnings per share 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.