Ambac Financial Group, Inc. (NYSE:AMBC) Holdings Increased by Swiss National Bank

Swiss National Bank increased its stake in Ambac Financial Group, Inc. (NYSE:AMBC) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,300 shares of the company’s stock after acquiring an additional 4,100 shares during the period. Swiss National Bank’s holdings in Ambac Financial Group were worth $1,180,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Point72 DIFC Ltd bought a new position in Ambac Financial Group during the 3rd quarter valued at $46,000. Aigen Investment Management LP acquired a new stake in shares of Ambac Financial Group in the fourth quarter valued at $146,000. XTX Topco Ltd acquired a new stake in shares of Ambac Financial Group in the third quarter valued at $172,000. Wexford Capital LP bought a new position in Ambac Financial Group during the third quarter valued at about $202,000. Finally, Intech Investment Management LLC grew its holdings in Ambac Financial Group by 47.6% during the third quarter. Intech Investment Management LLC now owns 23,708 shares of the company’s stock worth $266,000 after acquiring an additional 7,644 shares during the period. Institutional investors and hedge funds own 84.49% of the company’s stock.

Ambac Financial Group Price Performance

Shares of NYSE AMBC opened at $8.65 on Friday. Ambac Financial Group, Inc. has a twelve month low of $7.92 and a twelve month high of $18.45. 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 50-day moving average of $10.37 and a two-hundred day moving average of $11.36. The company has a market capitalization of $400.18 million, a price-to-earnings ratio of -18.81 and a beta of 1.26.

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