Ambac Financial Group (NYSE:AMBC) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Ambac Financial Group (NYSE:AMBC) from a hold rating to a sell rating in a research note published on Thursday.

Ambac Financial Group Stock Performance

Shares of AMBC stock opened at $14.67 on Thursday. The company’s fifty day simple moving average is $15.16 and its 200-day simple moving average is $15.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.46. Ambac Financial Group has a 52 week low of $11.26 and a 52 week high of $17.80. The company has a market cap of $663.38 million, a PE ratio of 97.81 and a beta of 1.30.

Ambac Financial Group (NYSE:AMBC) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.29. Ambac Financial Group had a return on equity of 6.99% and a net margin of 1.48%. The company had revenue of $76.00 million for the quarter. During the same quarter in the prior year, the firm earned $4.18 EPS. As a group, equities research analysts anticipate that Ambac Financial Group will post 0.45 EPS for the current year.

Institutional Inflows and Outflows

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

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.