Yousif Capital Management LLC Sells 1,595 Shares of Ambac Financial Group, Inc. (NYSE:AMBC)

Yousif Capital Management LLC lowered its stake in shares of Ambac Financial Group, Inc. (NYSE:AMBCFree Report) by 6.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,524 shares of the company’s stock after selling 1,595 shares during the period. Yousif Capital Management LLC’s holdings in Ambac Financial Group were worth $272,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Gyon Technologies Capital Management LP bought a new stake in Ambac Financial Group in the 4th quarter valued at $28,000. Point72 Hong Kong Ltd bought a new stake in Ambac Financial Group in the 1st quarter valued at $26,000. Gladius Capital Management LP raised its stake in Ambac Financial Group by 71.3% in the 3rd quarter. Gladius Capital Management LP now owns 2,528 shares of the company’s stock valued at $31,000 after acquiring an additional 1,052 shares during the period. Quarry LP raised its stake in Ambac Financial Group by 75.1% in the 1st quarter. Quarry LP now owns 2,660 shares of the company’s stock valued at $41,000 after acquiring an additional 1,141 shares during the period. Finally, Royal Bank of Canada increased its position in shares of Ambac Financial Group by 45.6% in the second quarter. Royal Bank of Canada now owns 4,878 shares of the company’s stock worth $70,000 after purchasing an additional 1,527 shares during the period. Institutional investors own 81.68% of the company’s stock.

Analyst Ratings Changes

Separately, cut shares of Ambac Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, December 18th.

Check Out Our Latest Research Report on AMBC

Ambac Financial Group Price Performance

Shares of NYSE:AMBC opened at $16.25 on Thursday. The firm has a 50 day moving average of $15.85 and a 200-day moving average of $14.04. The stock has a market capitalization of $734.34 million, a PE ratio of 3.82 and a beta of 1.32. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.43. Ambac Financial Group, Inc. has a 12 month low of $11.26 and a 12 month high of $17.75.

Ambac Financial Group (NYSE:AMBCGet Free Report) last issued its earnings results on Wednesday, November 8th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of ($0.10) by $2.10. The company had revenue of $74.00 million during the quarter. Ambac Financial Group had a net margin of 47.26% and a return on equity of 20.87%. During the same quarter in the previous year, the firm posted $7.37 earnings per share. On average, equities research analysts predict that Ambac Financial Group, Inc. will post 1.8 EPS for the current fiscal year.

Ambac Financial Group Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Ambac Financial Group (NYSE:AMBC)

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