Raymond James Financial Services Advisors Inc. grew its stake in shares of Ambac Financial Group, Inc. (NASDAQ:AMBC) by 12.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,986 shares of the financial services provider’s stock after acquiring an additional 3,150 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Ambac Financial Group were worth $575,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AMBC. Gendell Jeffrey L raised its stake in Ambac Financial Group by 54.8% in the first quarter. Gendell Jeffrey L now owns 1,076,144 shares of the financial services provider’s stock worth $16,874,000 after buying an additional 381,084 shares in the last quarter. Rubric Capital Management LP raised its stake in Ambac Financial Group by 36.3% in the first quarter. Rubric Capital Management LP now owns 562,844 shares of the financial services provider’s stock worth $8,825,000 after buying an additional 150,000 shares in the last quarter. Gator Capital Management LLC raised its stake in Ambac Financial Group by 39.8% in the first quarter. Gator Capital Management LLC now owns 331,758 shares of the financial services provider’s stock worth $5,202,000 after buying an additional 94,442 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Ambac Financial Group by 12.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 469,733 shares of the financial services provider’s stock worth $7,366,000 after buying an additional 53,714 shares in the last quarter. Finally, CQS Cayman LP raised its stake in Ambac Financial Group by 20.9% in the first quarter. CQS Cayman LP now owns 289,645 shares of the financial services provider’s stock worth $4,542,000 after buying an additional 50,000 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

Shares of NASDAQ:AMBC opened at $21.16 on Friday. The company has a market capitalization of $964.22 million, a P/E ratio of 4.41 and a beta of 1.70. Ambac Financial Group, Inc. has a 52 week low of $13.17 and a 52 week high of $23.34. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 6.90.

Ambac Financial Group (NASDAQ:AMBC) last issued its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. The company had revenue of $150.64 million during the quarter, compared to the consensus estimate of $146.37 million. Ambac Financial Group had a net margin of 15.40% and a return on equity of 11.70%. Ambac Financial Group’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.54 earnings per share.

A number of equities analysts recently commented on AMBC shares. BidaskClub raised shares of Ambac Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 14th. MKM Partners boosted their price objective on shares of Ambac Financial Group to $20.00 and gave the stock a “neutral” rating in a research note on Friday, June 29th.

Ambac Financial Group Profile

Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees to clients in public and private sectors worldwide. It offers financial guarantee insurance policies and credit derivative contracts for public finance, structured finance, and international finance. The company was founded in 1971 and is headquartered in New York, New York.

Read More: What are the Different Types of Leveraged Buyouts?

Want to see what other hedge funds are holding AMBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ambac Financial Group, Inc. (NASDAQ:AMBC).

Institutional Ownership by Quarter for Ambac Financial Group (NASDAQ:AMBC)

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.