Ambac Financial Group, Inc. (NYSE:AMBC) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP trimmed its stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 19.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,434 shares of the company’s stock after selling 9,465 shares during the period. Quantbot Technologies LP’s holdings in Ambac Financial Group were worth $511,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Point72 DIFC Ltd acquired a new position in Ambac Financial Group during the third quarter worth $46,000. Aigen Investment Management LP purchased a new position in shares of Ambac Financial Group in the fourth quarter valued at $146,000. XTX Topco Ltd acquired a new position in shares of Ambac Financial Group during the 3rd quarter worth $172,000. Maryland State Retirement & Pension System purchased a new stake in shares of Ambac Financial Group in the 4th quarter worth about $201,000. Finally, Wexford Capital LP acquired a new stake in Ambac Financial Group in the 3rd quarter valued at about $202,000. Hedge funds and other institutional investors own 84.49% of the company’s stock.

Ambac Financial Group Stock Performance

NYSE:AMBC opened at $8.89 on Friday. Ambac Financial Group, Inc. has a twelve month low of $7.92 and a twelve month high of $18.45. The company has a market capitalization of $410.86 million, a P/E ratio of -19.32 and a beta of 1.26. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.10. The firm has a 50-day moving average price of $10.43 and a two-hundred day moving average price of $11.37.

Ambac Financial Group (NYSE:AMBC) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.18). Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. The business had revenue of $18.93 million for the quarter, compared to analysts’ expectations of $24.83 million. As a group, research analysts expect that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current fiscal year.

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.