Ambac Financial Group (NYSE:AMBC) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of Ambac Financial Group (NYSE:AMBC) from a hold rating to a sell rating in a research report released on Friday morning.

Ambac Financial Group Price Performance

Ambac Financial Group stock opened at $14.59 on Friday. Ambac Financial Group has a 52-week low of $11.26 and a 52-week high of $17.80. The firm has a fifty day moving average of $15.31 and a 200-day moving average of $15.03. The firm has a market capitalization of $659.76 million, a P/E ratio of 97.27 and a beta of 1.30. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.46.

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

Institutional Investors Weigh In On Ambac Financial Group

Large investors have recently made changes to their positions in the business. Gladius Capital Management LP grew its holdings in Ambac Financial Group by 71.3% during the 3rd quarter. Gladius Capital Management LP now owns 2,528 shares of the company’s stock valued at $30,000 after purchasing an additional 1,052 shares in the last quarter. Clearstead Advisors LLC acquired a new stake in Ambac Financial Group during the 3rd quarter valued at $72,000. Federated Hermes Inc. grew its holdings in Ambac Financial Group by 26.9% during the 3rd quarter. Federated Hermes Inc. now owns 6,171 shares of the company’s stock valued at $74,000 after purchasing an additional 1,309 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in Ambac Financial Group during the 3rd quarter valued at $122,000. Finally, Victory Capital Management Inc. acquired a new stake in Ambac Financial Group during the 4th quarter valued at $165,000. Institutional investors and hedge funds own 84.49% of the company’s stock.

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.