Quantbot Technologies LP Lowers Stake in Ambac Financial Group, Inc. (NYSE:AMBC)

Quantbot Technologies LP lowered its stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 19.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,434 shares of the company’s stock after selling 9,465 shares during the quarter. Quantbot Technologies LP owned about 0.09% of Ambac Financial Group worth $511,000 at the end of the most recent quarter.

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

Ambac Financial Group Trading Down 0.9 %

NYSE AMBC opened at $8.89 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 2.10. The stock has a market capitalization of $410.86 million, a P/E ratio of -19.32 and a beta of 1.26. Ambac Financial Group, Inc. has a 52-week low of $7.92 and a 52-week high of $18.45. The firm has a 50-day moving average price of $10.43 and a 200 day moving average price of $11.37.

Ambac Financial Group (NYSE:AMBC) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.18). Ambac Financial Group had a negative net margin of 6.28% and a positive return on equity of 2.51%. The business had revenue of $18.93 million during the quarter, compared to analyst estimates of $24.83 million. Equities research analysts expect that Ambac Financial Group, Inc. will post 0.6 EPS for the current 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.