StockNews.com Lowers Ambac Financial Group (NYSE:AMBC) to Sell

Ambac Financial Group (NYSE:AMBC) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Ambac Financial Group Stock Up 2.6 %

AMBC opened at $14.83 on Thursday. Ambac Financial Group has a twelve month low of $11.26 and a twelve month high of $17.80. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.46. The company has a 50-day moving average price of $15.25 and a 200 day moving average price of $15.07. The company has a market cap of $670.61 million, a PE ratio of 98.87 and a beta of 1.30.

Ambac Financial Group (NYSE:AMBC) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.29. Ambac Financial Group had a net margin of 1.48% and a return on equity of 6.99%. The firm had revenue of $76.00 million during the quarter. During the same quarter last year, the company earned $4.18 EPS. Sell-side analysts expect that Ambac Financial Group will post 0.45 earnings per share for the current fiscal year.

Institutional Trading of Ambac Financial Group

A number of hedge funds have recently bought and sold shares of AMBC. Qube Research & Technologies Ltd raised its holdings in Ambac Financial Group by 153.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 274,795 shares of the company’s stock valued at $3,314,000 after acquiring an additional 166,239 shares during the last quarter. Jupiter Asset Management Ltd. raised its holdings in Ambac Financial Group by 64.8% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 408,719 shares of the company’s stock valued at $4,929,000 after acquiring an additional 160,709 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Ambac Financial Group by 586.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 164,191 shares of the company’s stock valued at $1,980,000 after acquiring an additional 140,260 shares during the last quarter. American Century Companies Inc. raised its holdings in Ambac Financial Group by 20.6% in the 3rd quarter. American Century Companies Inc. now owns 427,678 shares of the company’s stock valued at $5,158,000 after acquiring an additional 73,191 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in Ambac Financial Group by 1,133.7% in the 4th quarter. Federated Hermes Inc. now owns 76,134 shares of the company’s stock valued at $1,255,000 after acquiring an additional 69,963 shares during the last quarter. Institutional investors and hedge funds own 84.49% of the company’s stock.

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.