Louisiana State Employees Retirement System Purchases Shares of 21,500 Ambac Financial Group, Inc. (NYSE:AMBC)

Louisiana State Employees Retirement System purchased a new stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC – Get Rating) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 21,500 shares of the company’s stock, valued at approximately $274,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mutual of America Capital Management LLC grew its holdings in shares of Ambac Financial Group by 13.4% in the second quarter. Mutual of America Capital Management LLC now owns 7,565 shares of the company’s stock worth $86,000 after purchasing an additional 893 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Ambac Financial Group by 62.9% in the second quarter. Nisa Investment Advisors LLC now owns 2,770 shares of the company’s stock worth $31,000 after purchasing an additional 1,070 shares during the last quarter. Mraz Amerine & Associates Inc. grew its holdings in shares of Ambac Financial Group by 5.0% in the second quarter. Mraz Amerine & Associates Inc. now owns 23,030 shares of the company’s stock worth $261,000 after purchasing an additional 1,100 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Ambac Financial Group by 5.8% in the second quarter. State of Alaska Department of Revenue now owns 34,067 shares of the company’s stock worth $386,000 after purchasing an additional 1,860 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Ambac Financial Group by 3.6% in the second quarter. Exchange Traded Concepts LLC now owns 54,126 shares of the company’s stock worth $614,000 after purchasing an additional 1,898 shares during the last quarter. 69.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on AMBC shares. Compass Point started coverage on Ambac Financial Group in a research note on Monday, November 28th. They issued a “neutral” rating and a $18.00 price target for the company. StockNews.com started coverage on Ambac Financial Group in a research note on Wednesday, October 12th. They issued a “sell” rating for the company.

Ambac Financial Group Stock Performance

Shares of AMBC stock opened at $16.81 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.62. The firm has a market capitalization of $755.96 million, a price-to-earnings ratio of 2.35 and a beta of 1.18. The stock has a fifty day moving average of $15.87 and a 200 day moving average of $14.45. Ambac Financial Group, Inc. has a 52 week low of $7.24 and a 52 week high of $17.59.

Ambac Financial Group (NYSE:AMBC – Get Rating) last issued its quarterly earnings results on Tuesday, November 8th. The company reported $7.37 earnings per share (EPS) for the quarter. The company had revenue of $80.00 million during the quarter. Ambac Financial Group had a net margin of 96.15% and a return on equity of 35.58%.

Ambac Financial Group Company Profile

(Get Rating)

Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; specialty property & casualty program insurance; credit derivative contracts; and interest rate derivative transactions, as well as managing general agency / underwriting services.