Geode Capital Management LLC Acquires 17,554 Shares of Ambac Financial Group, Inc. (NYSE:AMBC)

Geode Capital Management LLC increased its holdings in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,046,510 shares of the company’s stock after acquiring an additional 17,554 shares during the period. Geode Capital Management LLC owned approximately 2.21% of Ambac Financial Group worth $13,242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aigen Investment Management LP bought a new position in Ambac Financial Group in the 4th quarter worth about $146,000. AXQ Capital LP purchased a new stake in shares of Ambac Financial Group during the fourth quarter valued at approximately $153,000. KLP Kapitalforvaltning AS bought a new stake in shares of Ambac Financial Group during the fourth quarter valued at approximately $157,000. Maryland State Retirement & Pension System purchased a new position in Ambac Financial Group in the 4th quarter worth approximately $201,000. Finally, Amundi boosted its stake in Ambac Financial Group by 224.4% during the 4th quarter. Amundi now owns 24,217 shares of the company’s stock valued at $281,000 after purchasing an additional 16,752 shares during the last quarter. Hedge funds and other institutional investors own 84.49% of the company’s stock.

Ambac Financial Group Stock Up 0.4 %

AMBC stock opened at $7.34 on Tuesday. The stock has a market capitalization of $375.01 million, a P/E ratio of -15.96 and a beta of 1.09. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.58 and a quick ratio of 0.58. Ambac Financial Group, Inc. has a 1-year low of $6.33 and a 1-year high of $18.45. The business has a fifty day moving average price of $8.83 and a 200-day moving average price of $10.86.

Ambac Financial Group (NYSE:AMBC) last posted its earnings results on Wednesday, February 26th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.18). Ambac Financial Group had a negative net margin of 6.28% and a positive return on equity of 2.51%. The company had revenue of $18.93 million for the quarter, compared to the consensus estimate of $24.83 million. Equities analysts forecast that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current fiscal year.

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.