Ambac Financial Group (NYSE:AMBC) Rating Increased to Hold at StockNews.com

Ambac Financial Group (NYSE:AMBC) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Monday.

Ambac Financial Group Stock Performance

Shares of AMBC opened at $15.62 on Monday. 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 $705.87 million, a price-to-earnings ratio of 104.14 and a beta of 1.30. The stock has a 50 day moving average of $15.66 and a 200 day moving average of $14.82. Ambac Financial Group has a 12 month low of $11.26 and a 12 month high of $17.80.

Ambac Financial Group (NYSE:AMBC) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.29. The company had revenue of $76.00 million during the quarter. Ambac Financial Group had a return on equity of 6.99% and a net margin of 1.48%. During the same period in the previous year, the business posted $4.18 earnings per share. As a group, sell-side analysts forecast that Ambac Financial Group will post 0.45 earnings per share for the current year.

Institutional Trading of Ambac Financial Group

A number of large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in 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 buying an additional 849 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Ambac Financial Group in the fourth quarter worth $250,000. GTS Securities LLC increased its position in 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 buying an additional 117,114 shares during the last quarter. Legal & General Group Plc increased its position in 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 buying an additional 5,103 shares during the last quarter. Finally, Barclays PLC increased its position in 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 buying an additional 42,242 shares during the last quarter. 84.49% of the stock is owned by hedge funds and other institutional investors.

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.