Ambac Financial Group, Inc. (NYSE:AMBC) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its position in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,422 shares of the company’s stock after selling 1,171 shares during the quarter. HighTower Advisors LLC’s holdings in Ambac Financial Group were worth $448,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AMBC. Point72 DIFC Ltd bought a new stake in shares of Ambac Financial Group during the 3rd quarter worth $46,000. Aigen Investment Management LP acquired a new position in Ambac Financial Group in the 4th quarter worth approximately $146,000. XTX Topco Ltd purchased a new stake in shares of Ambac Financial Group in the third quarter valued at $172,000. Wexford Capital LP acquired a new stake in shares of Ambac Financial Group in the third quarter worth $202,000. Finally, Intech Investment Management LLC grew its holdings in shares of Ambac Financial Group by 47.6% during the third quarter. Intech Investment Management LLC now owns 23,708 shares of the company’s stock valued at $266,000 after buying an additional 7,644 shares in the last quarter. 84.49% of the stock is owned by institutional investors and hedge funds.

Ambac Financial Group Stock Down 2.7 %

NYSE:AMBC opened at $8.65 on Monday. 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 firm has a market capitalization of $400.18 million, a price-to-earnings ratio of -18.81 and a beta of 1.26. The business’s fifty day moving average price is $10.37 and its 200 day moving average price is $11.36. Ambac Financial Group, Inc. has a 1-year low of $7.92 and a 1-year high of $18.45.

Ambac Financial Group (NYSE:AMBC) last posted its quarterly earnings results 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 positive return on equity of 2.51% and a negative net margin of 6.28%. The company had revenue of $18.93 million during the quarter, compared to analyst estimates of $24.83 million. On average, sell-side analysts forecast that Ambac Financial Group, Inc. will post 0.6 earnings per share 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.