Ambac Financial Group (NYSE:AMBC) Upgraded at StockNews.com

Ambac Financial Group (NYSE:AMBC) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Ambac Financial Group Price Performance

AMBC stock opened at $18.04 on Wednesday. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $815.77 million, a price-to-earnings ratio of 120.27 and a beta of 1.30. The firm has a 50 day moving average price of $15.13 and a 200-day moving average price of $15.16. Ambac Financial Group has a 52-week low of $11.26 and a 52-week high of $18.19.

Ambac Financial Group (NYSE:AMBC) last released its earnings results on Monday, May 6th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.21 by $0.61. The business had revenue of $103.00 million for the quarter. Ambac Financial Group had a return on equity of 6.99% and a net margin of 1.48%. During the same period last year, the firm posted ($0.30) earnings per share. Equities research analysts forecast that Ambac Financial Group will post 0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd increased its holdings in Ambac Financial Group by 153.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 274,795 shares of the company’s stock valued at $3,314,000 after acquiring an additional 166,239 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Ambac Financial Group by 64.8% in the third quarter. Jupiter Asset Management Ltd. now owns 408,719 shares of the company’s stock worth $4,929,000 after purchasing an additional 160,709 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Ambac Financial Group by 586.1% in the third quarter. Los Angeles Capital Management LLC now owns 164,191 shares of the company’s stock worth $1,980,000 after buying an additional 140,260 shares in the last quarter. American Century Companies Inc. boosted 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 valued at $5,158,000 after buying an additional 73,191 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in Ambac Financial Group by 1,133.7% during the 4th quarter. Federated Hermes Inc. now owns 76,134 shares of the company’s stock valued at $1,255,000 after buying an additional 69,963 shares in the last quarter. 84.49% of the stock is owned by hedge funds and other institutional investors.

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.