Ambac Financial Group (NYSE:AMBC) Lowered to “Sell” at StockNews.com

StockNews.com lowered shares of Ambac Financial Group (NYSE:AMBC) from a hold rating to a sell rating in a report issued on Friday.

Ambac Financial Group Price Performance

Ambac Financial Group stock opened at $14.59 on Friday. The company’s fifty day moving average price is $15.31 and its 200 day moving average price is $14.99. Ambac Financial Group has a 1 year low of $11.26 and a 1 year high of $17.80. The stock has a market capitalization of $659.76 million, a P/E ratio of 97.27 and a beta of 1.30. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.72 and a current ratio of 0.72.

Ambac Financial Group (NYSE:AMBC) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter. During the same period in the prior year, the business posted $4.18 EPS. As a group, equities research analysts anticipate that Ambac Financial Group will post 0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ambac Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its stake in Ambac Financial Group by 95.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,542 shares of the company’s stock worth $165,000 after purchasing an additional 5,145 shares during the last quarter. Gendell Jeffrey L boosted its stake in Ambac Financial Group by 52.9% during the 4th quarter. Gendell Jeffrey L now owns 199,255 shares of the company’s stock worth $3,284,000 after purchasing an additional 68,959 shares during the last quarter. Assetmark Inc. boosted its stake in Ambac Financial Group by 100.3% during the 4th quarter. Assetmark Inc. now owns 91,123 shares of the company’s stock worth $1,502,000 after purchasing an additional 45,630 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Ambac Financial Group by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,603,679 shares of the company’s stock worth $42,908,000 after purchasing an additional 65,733 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Ambac Financial Group by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 649,577 shares of the company’s stock worth $10,705,000 after purchasing an additional 9,493 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.