Amundi Purchases 16,752 Shares of Ambac Financial Group, Inc. (NYSE:AMBC)

Amundi raised its position in Ambac Financial Group, Inc. (NYSE:AMBC) by 224.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 24,217 shares of the company’s stock after buying an additional 16,752 shares during the period. Amundi owned about 0.05% of Ambac Financial Group worth $281,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its position in Ambac Financial Group by 2.6% in the 3rd quarter. State Street Corp now owns 1,653,544 shares of the company’s stock valued at $18,536,000 after buying an additional 42,504 shares during the last quarter. Barclays PLC lifted its stake in shares of Ambac Financial Group by 30.9% in the 3rd quarter. Barclays PLC now owns 376,102 shares of the company’s stock valued at $4,216,000 after purchasing an additional 88,863 shares during the period. Geode Capital Management LLC lifted its stake in shares of Ambac Financial Group by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,028,956 shares of the company’s stock valued at $11,537,000 after purchasing an additional 28,573 shares during the period. VELA Investment Management LLC acquired a new position in shares of Ambac Financial Group in the 4th quarter valued at $792,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Ambac Financial Group by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 229,954 shares of the company’s stock valued at $2,909,000 after purchasing an additional 6,589 shares during the period. 84.49% of the stock is currently owned by institutional investors.

Ambac Financial Group Stock Performance

AMBC stock opened at $8.78 on Friday. The business’s fifty day moving average is $10.62 and its 200-day moving average is $11.43. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 2.10. The company has a market cap of $406.19 million, a P/E ratio of -19.10 and a beta of 1.26. Ambac Financial Group, Inc. has a twelve month low of $7.92 and a twelve month high of $18.45.

Ambac Financial Group (NYSE:AMBC) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.18). The company had revenue of $18.93 million during the quarter, compared to analyst estimates of $24.83 million. Ambac Financial Group had a negative net margin of 6.28% and a positive return on equity of 2.51%. Equities research analysts forecast that Ambac Financial Group, Inc. will post 0.6 EPS for the current year.

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.