Connor Clark & Lunn Investment Management Ltd. Makes New $598,000 Investment in Ambac Financial Group, Inc. (NYSE:AMBC)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Ambac Financial Group, Inc. (NYSE:AMBC) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 47,306 shares of the company’s stock, valued at approximately $598,000.

Several other hedge funds have also bought and sold shares of the stock. Amundi grew its position in Ambac Financial Group by 224.4% during the 4th quarter. Amundi now owns 24,217 shares of the company’s stock worth $281,000 after acquiring an additional 16,752 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Ambac Financial Group in the fourth quarter valued at about $146,000. VELA Investment Management LLC bought a new stake in shares of Ambac Financial Group in the 4th quarter worth approximately $792,000. Y Intercept Hong Kong Ltd raised its holdings in Ambac Financial Group by 22.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 38,850 shares of the company’s stock worth $491,000 after purchasing an additional 7,216 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Ambac Financial Group by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 229,954 shares of the company’s stock worth $2,909,000 after acquiring an additional 6,589 shares during the period. 84.49% of the stock is currently owned by institutional investors.

Ambac Financial Group Stock Performance

Shares of AMBC stock opened at $8.78 on Friday. Ambac Financial Group, Inc. has a 12 month low of $7.92 and a 12 month high of $18.45. The company’s fifty day moving average price is $10.62 and its 200-day moving average price is $11.43. The stock has a market cap of $406.19 million, a PE ratio of -19.10 and a beta of 1.26. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.10.

Ambac Financial Group (NYSE:AMBC) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.18). Ambac Financial Group had a negative net margin of 6.28% and a positive return on equity of 2.51%. The company had revenue of $18.93 million for the quarter, compared to the consensus estimate of $24.83 million. On average, equities analysts expect that Ambac Financial Group, Inc. will post 0.6 EPS for the current fiscal year.

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.