Ambac Financial Group, Inc. (NYSE:AMBC) Holdings Boosted by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in Ambac Financial Group, Inc. (NYSE:AMBC) by 84.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 43,629 shares of the company’s stock after buying an additional 19,921 shares during the quarter. Intech Investment Management LLC’s holdings in Ambac Financial Group were worth $552,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in AMBC. Royce & Associates LP grew its stake in Ambac Financial Group by 97.6% during the 4th quarter. Royce & Associates LP now owns 72,934 shares of the company’s stock worth $923,000 after buying an additional 36,015 shares during the last quarter. Swiss National Bank increased its holdings in shares of Ambac Financial Group by 4.6% in the 4th quarter. Swiss National Bank now owns 93,300 shares of the company’s stock worth $1,180,000 after acquiring an additional 4,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Ambac Financial Group in the 4th quarter valued at about $598,000. Amundi boosted its stake in Ambac Financial Group by 224.4% during the 4th quarter. Amundi now owns 24,217 shares of the company’s stock valued at $281,000 after purchasing an additional 16,752 shares during the period. Finally, Aigen Investment Management LP bought a new position in Ambac Financial Group in the 4th quarter worth about $146,000. 84.49% of the stock is owned by institutional investors.

Ambac Financial Group Stock Performance

AMBC opened at $8.92 on Tuesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.10. The business’s 50 day moving average is $10.58 and its 200-day moving average is $11.41. The stock has a market cap of $412.25 million, a PE ratio of -19.38 and a beta of 1.26. Ambac Financial Group, Inc. has a twelve month low of $7.92 and a twelve month high of $18.45.

Ambac Financial Group (NYSE:AMBC) last announced its earnings results on Wednesday, February 26th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $18.93 million for the quarter, compared to the consensus estimate of $24.83 million. On average, analysts predict that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current 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.