Ambac Financial Group (NYSE:AMBC) Lifted to “Hold” at StockNews.com

Ambac Financial Group (NYSE:AMBC) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

Ambac Financial Group Trading Down 2.6 %

NYSE:AMBC opened at $15.87 on Monday. Ambac Financial Group has a 12 month low of $11.26 and a 12 month high of $17.80. The firm has a fifty day simple moving average of $15.69 and a 200-day simple moving average of $14.78. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.46. The company has a market capitalization of $717.17 million, a P/E ratio of 105.81 and a beta of 1.30.

Ambac Financial Group (NYSE:AMBC) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.03 by $0.29. The business had revenue of $76.00 million during the quarter. Ambac Financial Group had a net margin of 1.48% and a return on equity of 6.99%. During the same quarter in the previous year, the firm posted $4.18 earnings per share. On average, equities research analysts anticipate that Ambac Financial Group will post 0.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMBC. Price T Rowe Associates Inc. MD raised its position in shares of Ambac Financial Group by 2.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,544 shares of the company’s stock worth $603,000 after acquiring an additional 849 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Ambac Financial Group in the fourth quarter worth about $250,000. GTS Securities LLC raised its position in shares of Ambac Financial Group by 910.1% in the fourth quarter. GTS Securities LLC now owns 129,982 shares of the company’s stock worth $2,142,000 after acquiring an additional 117,114 shares during the period. Legal & General Group Plc raised its position in shares of Ambac Financial Group by 4.3% in the fourth quarter. Legal & General Group Plc now owns 124,907 shares of the company’s stock worth $2,058,000 after acquiring an additional 5,103 shares during the period. Finally, Barclays PLC raised its position in shares of Ambac Financial Group by 78.1% in the fourth quarter. Barclays PLC now owns 96,322 shares of the company’s stock worth $1,588,000 after acquiring an additional 42,242 shares during the period. 84.49% of the stock is currently owned by institutional investors and hedge funds.

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.