Two Sigma Investments LP Grows Stock Holdings in Ambac Financial Group, Inc. (NYSE:AMBC)

Two Sigma Investments LP lifted its holdings in Ambac Financial Group, Inc. (NYSE:AMBC) by 41.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,295 shares of the company’s stock after buying an additional 38,540 shares during the period. Two Sigma Investments LP owned about 0.28% of Ambac Financial Group worth $1,674,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Wolf Hill Capital Management LP purchased a new position in Ambac Financial Group in the 4th quarter worth about $12,650,000. Portolan Capital Management LLC purchased a new position in shares of Ambac Financial Group during the fourth quarter worth approximately $7,456,000. Nuveen Asset Management LLC increased its position in shares of Ambac Financial Group by 65.5% during the fourth quarter. Nuveen Asset Management LLC now owns 824,357 shares of the company’s stock worth $10,428,000 after acquiring an additional 326,149 shares during the period. Norges Bank bought a new stake in shares of Ambac Financial Group during the fourth quarter valued at approximately $3,328,000. Finally, Bank of America Corp DE increased its holdings in Ambac Financial Group by 166.4% during the 4th quarter. Bank of America Corp DE now owns 194,061 shares of the company’s stock worth $2,455,000 after purchasing an additional 121,228 shares during the period. 84.49% of the stock is currently owned by hedge funds and other institutional investors.

Ambac Financial Group Price Performance

AMBC opened at $7.91 on Tuesday. The company has a market capitalization of $367.42 million, a price-to-earnings ratio of -17.20 and a beta of 0.86. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.10. Ambac Financial Group, Inc. has a 12-month low of $5.99 and a 12-month high of $18.40. The business’s fifty day simple moving average is $7.66 and its 200-day simple moving average is $10.08.

Ambac Financial Group (NYSE:AMBC) last announced its earnings results on Monday, May 12th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. The firm had revenue of $15.68 million during the quarter, compared to the consensus estimate of $33.00 million. On average, equities research analysts anticipate that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ambac Financial Group news, Director Jeffrey Scott Stein purchased 15,000 shares of Ambac Financial Group stock in a transaction on Wednesday, May 14th. The stock was bought at an average cost of $6.46 per share, with a total value of $96,900.00. Following the transaction, the director now owns 50,000 shares of the company’s stock, valued at $323,000. This represents a 42.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.20% of the stock is owned by insiders.

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.