California State Teachers Retirement System Raises Stake in Ambac Financial Group, Inc. (NYSE:AMBC)

California State Teachers Retirement System boosted its holdings in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 3.9% during the 4th quarter, HoldingsChannel reports. The firm owned 44,277 shares of the company’s stock after purchasing an additional 1,651 shares during the period. California State Teachers Retirement System’s holdings in Ambac Financial Group were worth $560,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC grew its position in Ambac Financial Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 1,046,510 shares of the company’s stock worth $13,242,000 after purchasing an additional 17,554 shares during the last quarter. Wolf Hill Capital Management LP purchased a new position in Ambac Financial Group during the 4th quarter worth $12,650,000. American Century Companies Inc. grew its position in Ambac Financial Group by 3.9% during the 4th quarter. American Century Companies Inc. now owns 929,345 shares of the company’s stock worth $11,756,000 after purchasing an additional 34,861 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Ambac Financial Group by 65.5% in the 4th quarter. Nuveen Asset Management LLC now owns 824,357 shares of the company’s stock worth $10,428,000 after acquiring an additional 326,149 shares during the period. Finally, Portolan Capital Management LLC acquired a new stake in shares of Ambac Financial Group in the 4th quarter worth $7,456,000. 84.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ambac Financial Group

In other news, Director Jeffrey Scott Stein bought 15,000 shares of Ambac Financial Group stock in a transaction dated Wednesday, May 14th. The stock was bought at an average price of $6.46 per share, for a total transaction of $96,900.00. Following the purchase, the director now owns 50,000 shares of the company’s stock, valued at approximately $323,000. The trade was a 42.86% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.20% of the company’s stock.

Ambac Financial Group Stock Up 1.6%

AMBC stock opened at $6.84 on Thursday. Ambac Financial Group, Inc. has a one year low of $5.99 and a one year high of $13.64. The stock has a market capitalization of $317.56 million, a PE ratio of -14.87 and a beta of 0.90. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.58 and a current ratio of 0.58. The company has a fifty day moving average of $7.52 and a 200-day moving average of $9.86.

Ambac Financial Group (NYSE:AMBC) last released its earnings results on Monday, May 12th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. The firm had revenue of $15.68 million during the quarter, compared to analyst estimates of $33.00 million. As a group, analysts expect that Ambac Financial Group, Inc. will post 0.6 EPS for the current year.

Ambac Financial Group 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.