HighTower Advisors LLC Purchases 11,271 Shares of Ambac Financial Group, Inc. (NYSE:AMBC)

HighTower Advisors LLC boosted its position in Ambac Financial Group, Inc. (NYSE:AMBC) by 44.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,593 shares of the company’s stock after purchasing an additional 11,271 shares during the period. HighTower Advisors LLC’s holdings in Ambac Financial Group were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Quarry LP raised its holdings in shares of Ambac Financial Group by 830.7% in the second quarter. Quarry LP now owns 2,364 shares of the company’s stock worth $30,000 after buying an additional 2,110 shares during the period. nVerses Capital LLC increased its stake in Ambac Financial Group by 525.0% in the second quarter. nVerses Capital LLC now owns 5,000 shares of the company’s stock worth $64,000 after purchasing an additional 4,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Ambac Financial Group by 20.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,826 shares of the company’s stock worth $126,000 after purchasing an additional 1,637 shares during the last quarter. Creative Planning purchased a new stake in shares of Ambac Financial Group during the third quarter valued at $156,000. Finally, SG Americas Securities LLC bought a new position in shares of Ambac Financial Group in the third quarter worth about $185,000. Hedge funds and other institutional investors own 84.49% of the company’s stock.

Insider Buying and Selling at Ambac Financial Group

In related news, Director Kristi Ann Matus bought 2,700 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were acquired at an average price of $11.27 per share, with a total value of $30,429.00. Following the transaction, the director now owns 2,700 shares of the company’s stock, valued at $30,429. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Roth Mkm upgraded shares of Ambac Financial Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $13.00 to $15.00 in a report on Wednesday, September 18th. Roth Capital raised shares of Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 18th.

Ambac Financial Group Stock Performance

Shares of Ambac Financial Group stock opened at $12.17 on Friday. Ambac Financial Group, Inc. has a 12 month low of $10.12 and a 12 month high of $18.45. The stock’s fifty day moving average price is $12.20 and its 200-day moving average price is $12.02. The firm has a market cap of $577.38 million, a P/E ratio of -26.46 and a beta of 1.25. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.10.

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.