Ambac Financial Group (AMBC) Upgraded by TheStreet to C
AMBC has been the topic of several other research reports. BidaskClub cut Ambac Financial Group from a strong-buy rating to a buy rating in a research note on Tuesday, August 28th. ValuEngine raised Ambac Financial Group from a hold rating to a buy rating in a report on Tuesday, October 30th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $20.00.
NASDAQ:AMBC opened at $17.77 on Wednesday. The company has a debt-to-equity ratio of 4.74, a quick ratio of 1.06 and a current ratio of 1.06. Ambac Financial Group has a one year low of $13.72 and a one year high of $23.34. The stock has a market capitalization of $839.17 million, a P/E ratio of 2.87 and a beta of 1.50.
A number of institutional investors have recently made changes to their positions in AMBC. Glen Harbor Capital Management LLC bought a new stake in Ambac Financial Group in the second quarter valued at about $115,000. SG3 Management LLC increased its holdings in Ambac Financial Group by 160.0% in the second quarter. SG3 Management LLC now owns 7,500 shares of the financial services provider’s stock valued at $149,000 after buying an additional 20,000 shares during the last quarter. Globeflex Capital L P bought a new stake in Ambac Financial Group in the second quarter valued at about $159,000. Meadow Creek Investment Management LLC bought a new stake in Ambac Financial Group in the second quarter valued at about $178,000. Finally, Algert Global LLC bought a new stake in Ambac Financial Group in the second quarter valued at about $199,000. 81.20% of the stock is owned by hedge funds and other institutional investors.
Ambac Financial Group Company Profile
Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees to clients in public and private sectors worldwide. It offers financial guarantee insurance policies and credit derivative contracts for public finance, structured finance, and international finance. The company was founded in 1971 and is headquartered in New York, New York.
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