Charles Schwab Investment Management Inc. Reduces Position in Ambac Financial Group, Inc. (NYSE:AMBC)

Charles Schwab Investment Management Inc. cut its holdings in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 505,126 shares of the company’s stock after selling 48,273 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Ambac Financial Group were worth $6,390,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. VELA Investment Management LLC purchased a new position in Ambac Financial Group in the 4th quarter worth approximately $792,000. Y Intercept Hong Kong Ltd increased its holdings in shares of Ambac Financial Group by 22.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 38,850 shares of the company’s stock valued at $491,000 after purchasing an additional 7,216 shares during the last quarter. Principal Financial Group Inc. lifted its position in Ambac Financial Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 229,954 shares of the company’s stock worth $2,909,000 after buying an additional 6,589 shares in the last quarter. Rhumbline Advisers boosted its stake in Ambac Financial Group by 6.4% during the fourth quarter. Rhumbline Advisers now owns 140,999 shares of the company’s stock worth $1,784,000 after buying an additional 8,495 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Ambac Financial Group by 5.1% in the 4th quarter. Empowered Funds LLC now owns 181,633 shares of the company’s stock valued at $2,298,000 after buying an additional 8,784 shares in the last quarter. Hedge funds and other institutional investors own 84.49% of the company’s stock.

Ambac Financial Group Stock Up 1.7 %

Shares of AMBC opened at $8.92 on Tuesday. Ambac Financial Group, Inc. has a 52-week low of $7.92 and a 52-week high of $18.45. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 2.10. The stock has a fifty day simple moving average of $10.58 and a two-hundred day simple moving average of $11.41. The company has a market capitalization of $412.25 million, a PE ratio of -19.38 and a beta of 1.26.

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

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.