Fox Run Management L.L.C. Decreases Stock Holdings in Ambac Financial Group, Inc. (NYSE:AMBC)

Fox Run Management L.L.C. lessened its stake in Ambac Financial Group, Inc. (NYSE:AMBC) by 49.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,817 shares of the company’s stock after selling 25,918 shares during the period. Fox Run Management L.L.C. owned 0.06% of Ambac Financial Group worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. PDT Partners LLC raised its stake in shares of Ambac Financial Group by 1.7% during the 3rd quarter. PDT Partners LLC now owns 63,382 shares of the company’s stock worth $711,000 after acquiring an additional 1,032 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in Ambac Financial Group by 0.7% in the third quarter. Public Sector Pension Investment Board now owns 172,656 shares of the company’s stock worth $1,935,000 after purchasing an additional 1,200 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Ambac Financial Group during the third quarter worth $46,000. Swiss National Bank lifted its holdings in shares of Ambac Financial Group by 4.6% during the 4th quarter. Swiss National Bank now owns 93,300 shares of the company’s stock valued at $1,180,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Ambac Financial Group by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 229,954 shares of the company’s stock worth $2,909,000 after purchasing an additional 6,589 shares in the last quarter. 84.49% of the stock is currently owned by institutional investors.

Ambac Financial Group Trading Up 0.7 %

Shares of NYSE:AMBC opened at $8.96 on Thursday. The business’s 50-day moving average is $10.48 and its 200 day moving average is $11.38. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.58 and a quick ratio of 0.58. Ambac Financial Group, Inc. has a 1 year low of $7.92 and a 1 year high of $18.45. The firm has a market capitalization of $414.10 million, a P/E ratio of -19.47 and a beta of 1.26.

Ambac Financial Group (NYSE:AMBC) last issued its quarterly earnings results 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). The business had revenue of $18.93 million for the quarter, compared to analysts’ expectations of $24.83 million. Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. On average, research analysts predict that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Ambac Financial Group 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.