Creative Planning Takes $156,000 Position in Ambac Financial Group, Inc. (NYSE:AMBC)

Creative Planning purchased a new stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 13,905 shares of the company’s stock, valued at approximately $156,000.

Several other institutional investors have also made changes to their positions in AMBC. Quarry LP lifted its holdings in shares of Ambac Financial Group by 830.7% during the 2nd quarter. Quarry LP now owns 2,364 shares of the company’s stock valued at $30,000 after buying an additional 2,110 shares during the last quarter. nVerses Capital LLC lifted its holdings in Ambac Financial Group by 525.0% in the 2nd quarter. nVerses Capital LLC now owns 5,000 shares of the company’s stock worth $64,000 after purchasing an additional 4,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ambac Financial Group by 20.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,826 shares of the company’s stock worth $126,000 after purchasing an additional 1,637 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Ambac Financial Group by 95.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,542 shares of the company’s stock worth $165,000 after purchasing an additional 5,145 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Ambac Financial Group in the 3rd quarter worth approximately $185,000. 84.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kristi Ann Matus acquired 2,700 shares of the stock in a transaction dated Thursday, September 26th. The shares were acquired at an average cost of $11.27 per share, for a total transaction of $30,429.00. Following the completion of the transaction, the director now owns 2,700 shares in the company, valued at approximately $30,429. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AMBC shares. StockNews.com lowered Ambac Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 14th. Roth Mkm raised Ambac Financial Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $15.00 in a research report on Wednesday, September 18th. Finally, Roth Capital raised Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 18th.

Ambac Financial Group Stock Performance

Shares of NYSE AMBC opened at $11.61 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 2.37. The business’s 50 day moving average is $11.30 and its two-hundred day moving average is $12.83. The company has a market cap of $550.78 million, a P/E ratio of 7.35 and a beta of 1.22. Ambac Financial Group, Inc. has a 12 month low of $10.12 and a 12 month high of $18.45.

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.