CQS Cayman LP lifted its holdings in shares of Ambac Financial Group, Inc. (NASDAQ:AMBC) by 27.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 400,000 shares of the financial services provider’s stock after purchasing an additional 85,000 shares during the quarter. CQS Cayman LP owned about 0.88% of Ambac Financial Group worth $8,168,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AMBC. Glen Harbor Capital Management LLC purchased a new position in Ambac Financial Group in the second quarter valued at about $115,000. SG3 Management LLC raised its position 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 purchasing an additional 20,000 shares during the period. Globeflex Capital L P purchased a new position in Ambac Financial Group in the second quarter valued at about $159,000. Meadow Creek Investment Management LLC purchased a new position in Ambac Financial Group in the second quarter valued at about $178,000. Finally, Algert Global LLC purchased a new position in Ambac Financial Group in the second quarter valued at about $199,000. Institutional investors and hedge funds own 81.62% of the company’s stock.

NASDAQ:AMBC opened at $17.77 on Monday. 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, Inc. has a 12 month low of $13.72 and a 12 month high of $23.34. The stock has a market capitalization of $805.63 million, a price-to-earnings ratio of 2.75 and a beta of 1.50.

Ambac Financial Group (NASDAQ:AMBC) last released its quarterly earnings data on Wednesday, November 7th. The financial services provider reported ($1.66) EPS for the quarter, missing the consensus estimate of $0.30 by ($1.96). Ambac Financial Group had a net margin of 28.81% and a return on equity of 15.53%. The company had revenue of $134.00 million during the quarter, compared to analysts’ expectations of $96.21 million. During the same period last year, the business earned ($3.30) earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year.

Several research analysts have commented on the company. BidaskClub lowered Ambac Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 28th. ValuEngine raised Ambac Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 30th. Finally, TheStreet raised Ambac Financial Group from a “d+” rating to a “c” rating in a research report on Wednesday, November 14th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $20.00.

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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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Institutional Ownership by Quarter for Ambac Financial Group (NASDAQ:AMBC)

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