Dimensional Fund Advisors LP Sells 81,148 Shares of Ambac Financial Group, Inc. (NYSE:AMBC)

Dimensional Fund Advisors LP cut its holdings in shares of Ambac Financial Group, Inc. (NYSE:AMBC – Get Rating) by 5.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,480,809 shares of the company’s stock after selling 81,148 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.29% of Ambac Financial Group worth $18,880,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Ambac Financial Group by 3.6% during the first quarter. Vanguard Group Inc. now owns 5,159,157 shares of the company’s stock valued at $53,655,000 after acquiring an additional 177,767 shares during the period. State Street Corp increased its holdings in shares of Ambac Financial Group by 1.3% in the second quarter. State Street Corp now owns 1,641,117 shares of the company’s stock worth $18,627,000 after purchasing an additional 21,426 shares during the last quarter. Repertoire Partners LP increased its holdings in shares of Ambac Financial Group by 18.8% in the second quarter. Repertoire Partners LP now owns 1,196,066 shares of the company’s stock worth $13,575,000 after purchasing an additional 189,064 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Ambac Financial Group by 3.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 648,776 shares of the company’s stock worth $6,748,000 after purchasing an additional 22,055 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Ambac Financial Group by 152.0% in the second quarter. Deutsche Bank AG now owns 624,416 shares of the company’s stock worth $7,088,000 after purchasing an additional 376,632 shares during the last quarter. 69.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMBC. Roth Capital reaffirmed a “neutral” rating on shares of Ambac Financial Group in a report on Wednesday, March 1st. Compass Point started coverage on Ambac Financial Group in a report on Monday, November 28th. They issued a “neutral” rating and a $18.00 target price on the stock. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.50.

Ambac Financial Group Trading Up 0.9 %

AMBC opened at $16.54 on Wednesday. The firm has a market cap of $749.10 million, a P/E ratio of 1.45 and a beta of 1.15. Ambac Financial Group, Inc. has a 12 month low of $7.24 and a 12 month high of $17.75. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.87. The stock has a 50-day moving average of $16.66 and a 200 day moving average of $15.20.

Ambac Financial Group Profile

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Ambac Financial Group, Inc is a holding company, which engages in the provision of financial guarantee insurance policies through its subsidiary, Ambac Assurance Corp. Its services include credit, insurance, asset management and other financial services. The company was founded on April 29, 1991 and is headquartered in New York, NY.