New York State Teachers Retirement System Sells 3,104 Shares of Ambac Financial Group, Inc. (NYSE:AMBC)

New York State Teachers Retirement System cut its holdings in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,830 shares of the company’s stock after selling 3,104 shares during the period. New York State Teachers Retirement System’s holdings in Ambac Financial Group were worth $739,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC lifted its stake in Ambac Financial Group by 0.8% during the fourth 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 during the last quarter. Gladius Capital Management LP lifted its stake in Ambac Financial Group by 71.3% during the third quarter. Gladius Capital Management LP now owns 2,528 shares of the company’s stock worth $30,000 after purchasing an additional 1,052 shares during the last quarter. American Century Companies Inc. lifted its stake in Ambac Financial Group by 20.6% during the third quarter. American Century Companies Inc. now owns 427,678 shares of the company’s stock worth $5,158,000 after purchasing an additional 73,191 shares during the last quarter. Graham Capital Management L.P. acquired a new position in shares of Ambac Financial Group during the third quarter worth $244,000. Finally, Comerica Bank acquired a new position in shares of Ambac Financial Group during the third quarter worth $250,000. 84.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Ambac Financial Group from a “sell” rating to a “hold” rating in a report on Monday, April 8th.

Ambac Financial Group Stock Down 0.4 %

Shares of NYSE:AMBC opened at $14.00 on Friday. The company has a fifty day moving average of $15.46 and a 200-day moving average of $14.89. The company has a market capitalization of $633.08 million, a PE ratio of 93.34 and a beta of 1.30. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.72 and a current ratio of 0.72. Ambac Financial Group, Inc. has a 52-week low of $11.26 and a 52-week high of $17.80.

Ambac Financial Group (NYSE:AMBC) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.29. The company had revenue of $76.00 million during the quarter. Ambac Financial Group had a net margin of 1.48% and a return on equity of 6.99%. During the same quarter last year, the company posted $4.18 earnings per share. On average, equities analysts predict that Ambac Financial Group, Inc. will post 0.45 EPS for the current fiscal year.

Ambac Financial Group Company 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.