UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in Ambac Financial Group, Inc. (NYSE:AMBC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Ambac Financial Group, Inc. (NYSE:AMBC) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,967 shares of the company’s stock after selling 5,027 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.33% of Ambac Financial Group worth $1,760,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP raised its stake in Ambac Financial Group by 830.7% in the 2nd quarter. Quarry LP now owns 2,364 shares of the company’s stock worth $30,000 after acquiring an additional 2,110 shares during the last quarter. nVerses Capital LLC lifted its holdings in shares of Ambac Financial Group by 525.0% during the second quarter. nVerses Capital LLC now owns 5,000 shares of the company’s stock worth $64,000 after purchasing an additional 4,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Ambac Financial Group by 20.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,826 shares of the company’s stock valued at $126,000 after buying an additional 1,637 shares during the last quarter. Creative Planning acquired a new position in Ambac Financial Group in the 3rd quarter worth approximately $156,000. Finally, Intech Investment Management LLC purchased a new position in Ambac Financial Group during the 2nd quarter worth approximately $206,000. 84.49% of the stock is owned by hedge funds and other institutional investors.

Ambac Financial Group Price Performance

Shares of NYSE AMBC opened at $13.55 on Tuesday. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.58 and a quick ratio of 0.58. The stock has a market capitalization of $642.85 million, a price-to-earnings ratio of -29.46 and a beta of 1.25. The firm’s 50 day simple moving average is $12.09 and its 200-day simple moving average is $12.09. Ambac Financial Group, Inc. has a 12 month low of $10.12 and a 12 month high of $18.45.

Wall Street Analysts Forecast Growth

AMBC has been the topic of several recent research reports. Roth Capital raised shares of Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 18th. Roth Mkm raised Ambac Financial Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $13.00 to $15.00 in a research report on Wednesday, September 18th.

Insider Buying and Selling

In other Ambac Financial Group news, Director Kristi Ann Matus acquired 2,700 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were bought at an average cost of $11.27 per share, with a total value of $30,429.00. Following the completion of the acquisition, the director now owns 2,700 shares in the company, valued at approximately $30,429. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.00% of the stock is currently owned by insiders.

Ambac Financial Group Company Profile

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.