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

Ambac Financial Group, Inc. (NYSE:AMBCGet Free Report) saw unusually large options trading on Wednesday. Traders purchased 8,145 call options on the stock. This is an increase of 276% compared to the average volume of 2,167 call options.

Ambac Financial Group Stock Performance

Shares of AMBC opened at $13.81 on Thursday. The company has a debt-to-equity ratio of 2.42, a current ratio of 0.71 and a quick ratio of 0.71. Ambac Financial Group has a one year low of $11.26 and a one year high of $18.45. The company has a 50-day simple moving average of $16.11 and a two-hundred day simple moving average of $15.85. The firm has a market capitalization of $624.49 million, a PE ratio of 10.54 and a beta of 1.29.

Ambac Financial Group (NYSE:AMBCGet Free Report) last released its earnings results on Monday, May 6th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.61. Ambac Financial Group had a net margin of 18.09% and a return on equity of 10.69%. The firm had revenue of $103.00 million during the quarter. During the same quarter in the previous year, the business posted ($0.30) earnings per share. On average, analysts anticipate that Ambac Financial Group will post 1.45 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on AMBC shares. StockNews.com upgraded shares of Ambac Financial Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. Compass Point raised their price objective on shares of Ambac Financial Group from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th.

Read Our Latest Report on Ambac Financial Group

Hedge Funds Weigh In On Ambac Financial Group

Several large investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC raised its holdings in 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 acquiring an additional 764 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in Ambac Financial Group by 2.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 39,554 shares of the company’s stock worth $618,000 after acquiring an additional 770 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in Ambac Financial Group by 3.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 26,645 shares of the company’s stock worth $439,000 after acquiring an additional 905 shares during the last quarter. Gladius Capital Management LP raised its holdings in Ambac Financial Group by 71.3% in the 3rd quarter. Gladius Capital Management LP now owns 2,528 shares of the company’s stock worth $30,000 after acquiring an additional 1,052 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in Ambac Financial Group by 26.9% in the 3rd quarter. Federated Hermes Inc. now owns 6,171 shares of the company’s stock worth $74,000 after purchasing an additional 1,309 shares during the period. 84.49% of the stock is currently owned by hedge funds and other institutional investors.

About Ambac Financial Group

(Get Free Report)

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.

See Also

Receive News & Ratings for Ambac Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambac Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.