Ambac Financial Group Target of Unusually Large Options Trading (NYSE:AMBC)

Ambac Financial Group, Inc. (NYSE:AMBC) saw unusually large options trading activity on Thursday. Stock traders purchased 11,463 call options on the company. This is an increase of 470% compared to the average daily volume of 2,011 call options.

Ambac Financial Group Price Performance

AMBC opened at $15.10 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.46. The company has a market cap of $682.90 million, a price-to-earnings ratio of 100.67 and a beta of 1.30. The stock has a fifty day simple moving average of $15.61 and a two-hundred day simple moving average of $14.82. Ambac Financial Group has a 12-month low of $11.26 and a 12-month high of $17.80.

Ambac Financial Group (NYSE:AMBC) last released its earnings results on Wednesday, February 28th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.29. Ambac Financial Group had a net margin of 1.48% and a return on equity of 6.99%. The firm had revenue of $76.00 million for the quarter. During the same period in the prior year, the company earned $4.18 earnings per share. Research analysts predict that Ambac Financial Group will post 0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ambac Financial Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Exchange Traded Concepts LLC boosted its position in shares of Ambac Financial Group by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 96,345 shares of the company’s stock worth $1,588,000 after purchasing an additional 764 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Ambac Financial Group by 6.9% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 12,301 shares of the company’s stock worth $175,000 after acquiring an additional 789 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Ambac Financial Group by 1.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,895 shares of the company’s stock worth $560,000 after acquiring an additional 835 shares during the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Ambac Financial Group by 3.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 26,645 shares of the company’s stock valued at $439,000 after acquiring an additional 905 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Ambac Financial Group by 5.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,837 shares of the company’s stock valued at $239,000 after acquiring an additional 1,002 shares in the last quarter. Institutional investors own 84.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Ambac Financial Group from a “sell” rating to a “hold” rating in a research report on Monday.

About Ambac Financial Group

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.