Ambac Financial Group (NYSE:AMBC) Upgraded to “Hold” by StockNews.com

Ambac Financial Group (NYSE:AMBC) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

Ambac Financial Group Stock Up 19.3 %

Shares of NYSE AMBC opened at $18.04 on Wednesday. The firm has a market cap of $815.77 million, a price-to-earnings ratio of 120.27 and a beta of 1.30. Ambac Financial Group has a 52-week low of $11.26 and a 52-week high of $18.19. The company’s 50-day simple moving average is $15.13 and its 200-day simple moving average is $15.16. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.46.

Ambac Financial Group (NYSE:AMBC) last issued its earnings results on Monday, May 6th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.61. The company had revenue of $103.00 million for the quarter. Ambac Financial Group had a net margin of 1.48% and a return on equity of 6.99%. During the same period last year, the firm earned ($0.30) earnings per share. Equities analysts predict that Ambac Financial Group will post 0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in Ambac Financial Group by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,603,679 shares of the company’s stock valued at $42,908,000 after purchasing an additional 65,733 shares during the period. FMR LLC grew its holdings in shares of Ambac Financial Group by 1.3% in the 3rd quarter. FMR LLC now owns 2,020,168 shares of the company’s stock worth $24,363,000 after acquiring an additional 26,012 shares during the period. Invesco Ltd. raised its holdings in Ambac Financial Group by 5.9% during the third quarter. Invesco Ltd. now owns 885,456 shares of the company’s stock worth $10,679,000 after purchasing an additional 49,529 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Ambac Financial Group by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 649,577 shares of the company’s stock valued at $10,705,000 after buying an additional 9,493 shares in the last quarter. Finally, American Century Companies Inc. grew its stake 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. 84.49% of the stock is owned by hedge funds and other institutional investors.

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.