Ambac Financial Group (NYSE:AMBC) Stock Rating Lowered by StockNews.com

Ambac Financial Group (NYSE:AMBC) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

Ambac Financial Group Stock Down 1.2 %

NYSE:AMBC opened at $14.37 on Friday. Ambac Financial Group has a 12-month low of $11.26 and a 12-month high of $17.80. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.46. The firm has a market capitalization of $649.88 million, a P/E ratio of 95.80 and a beta of 1.30. The stock’s fifty day simple moving average is $15.33 and its 200-day simple moving average is $14.97.

Ambac Financial Group (NYSE:AMBC) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.03 by $0.29. The business had revenue of $76.00 million for the quarter. Ambac Financial Group had a return on equity of 6.99% and a net margin of 1.48%. During the same period in the previous year, the business posted $4.18 EPS. Equities research analysts expect that Ambac Financial Group will post 0.45 earnings per share for the current year.

Institutional Trading of Ambac Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Qube Research & Technologies Ltd grew its holdings in Ambac Financial Group by 153.1% during the third quarter. Qube Research & Technologies Ltd now owns 274,795 shares of the company’s stock worth $3,314,000 after purchasing an additional 166,239 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in shares of Ambac Financial Group by 64.8% during the third quarter. Jupiter Asset Management Ltd. now owns 408,719 shares of the company’s stock worth $4,929,000 after acquiring an additional 160,709 shares during the period. Los Angeles Capital Management LLC boosted its holdings in shares of Ambac Financial Group by 586.1% during the third quarter. Los Angeles Capital Management LLC now owns 164,191 shares of the company’s stock worth $1,980,000 after acquiring an additional 140,260 shares during the period. American Century Companies Inc. boosted its holdings in shares of Ambac Financial Group by 20.6% during the third quarter. American Century Companies Inc. now owns 427,678 shares of the company’s stock worth $5,158,000 after acquiring an additional 73,191 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in shares of Ambac Financial Group by 1,133.7% during the fourth quarter. Federated Hermes Inc. now owns 76,134 shares of the company’s stock worth $1,255,000 after acquiring an additional 69,963 shares during the period. Institutional investors and hedge funds own 84.49% of the company’s stock.

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.