Quantbot Technologies LP Purchases 16,375 Shares of Ambac Financial Group, Inc. (NYSE:AMBC)

Quantbot Technologies LP boosted its position in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 48.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,899 shares of the company’s stock after purchasing an additional 16,375 shares during the quarter. Quantbot Technologies LP owned about 0.11% of Ambac Financial Group worth $559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AMBC. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ambac Financial Group by 20.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,826 shares of the company’s stock valued at $126,000 after buying an additional 1,637 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Ambac Financial Group by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,405 shares of the company’s stock valued at $601,000 after purchasing an additional 1,861 shares during the period. Quarry LP boosted its position in shares of Ambac Financial Group by 830.7% in the 2nd quarter. Quarry LP now owns 2,364 shares of the company’s stock worth $30,000 after purchasing an additional 2,110 shares during the last quarter. Caxton Associates LP grew its stake in shares of Ambac Financial Group by 10.9% during the second quarter. Caxton Associates LP now owns 25,277 shares of the company’s stock worth $324,000 after purchasing an additional 2,485 shares during the period. Finally, nVerses Capital LLC increased its holdings in Ambac Financial Group by 525.0% in the second quarter. nVerses Capital LLC now owns 5,000 shares of the company’s stock valued at $64,000 after purchasing an additional 4,200 shares during the last quarter. Institutional investors own 84.49% of the company’s stock.

Insider Activity

In other news, Director Kristi Ann Matus acquired 2,700 shares of Ambac Financial Group stock in a transaction dated Thursday, September 26th. The stock was bought at an average cost of $11.27 per share, with a total value of $30,429.00. Following the completion of the transaction, the director now directly owns 2,700 shares of the company’s stock, valued at approximately $30,429. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.00% of the company’s stock.

Ambac Financial Group Trading Down 0.2 %

NYSE AMBC opened at $12.81 on Tuesday. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.58 and a quick ratio of 0.58. The stock’s 50-day moving average is $11.70 and its 200-day moving average is $12.44. Ambac Financial Group, Inc. has a one year low of $10.12 and a one year high of $18.45. The firm has a market cap of $607.74 million, a P/E ratio of -27.39 and a beta of 1.22.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Roth Capital upgraded Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 18th. Roth Mkm raised shares of Ambac Financial Group from a “neutral” rating to a “buy” rating and upped their target price for the company from $13.00 to $15.00 in a research note on Wednesday, September 18th. Finally, StockNews.com cut shares of Ambac Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th.

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.