HighTower Advisors LLC Decreases Stock Position in Ambac Financial Group, Inc. (NYSE:AMBC)

HighTower Advisors LLC reduced its position in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,422 shares of the company’s stock after selling 1,171 shares during the period. HighTower Advisors LLC owned about 0.07% of Ambac Financial Group worth $448,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new position in Ambac Financial Group during the 3rd quarter worth $46,000. Aigen Investment Management LP acquired a new stake in Ambac Financial Group during the fourth quarter worth about $146,000. XTX Topco Ltd bought a new position in shares of Ambac Financial Group during the third quarter valued at approximately $172,000. Wexford Capital LP acquired a new stake in shares of Ambac Financial Group during the 3rd quarter worth approximately $202,000. Finally, Intech Investment Management LLC boosted its position in Ambac Financial Group by 47.6% during the 3rd quarter. Intech Investment Management LLC now owns 23,708 shares of the company’s stock valued at $266,000 after purchasing an additional 7,644 shares during the period. 84.49% of the stock is owned by institutional investors and hedge funds.

Ambac Financial Group Stock Performance

Shares of AMBC opened at $8.65 on Monday. Ambac Financial Group, Inc. has a 1 year low of $7.92 and a 1 year high of $18.45. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.58 and a current ratio of 0.58. The company has a market cap of $400.18 million, a price-to-earnings ratio of -18.81 and a beta of 1.26. The firm has a fifty day moving average of $10.37 and a 200-day moving average of $11.36.

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

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.