BidaskClub downgraded shares of Ambac Financial Group (NASDAQ:AMBC) from a hold rating to a sell rating in a report published on Thursday morning.
AMBC has been the topic of a number of other reports. TheStreet raised shares of Ambac Financial Group from a d+ rating to a c rating in a research note on Wednesday, November 14th. ValuEngine raised shares of Ambac Financial Group from a hold rating to a buy rating in a research note on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $20.00.
Ambac Financial Group stock opened at $15.85 on Thursday. The company has a market capitalization of $718.58 million, a PE ratio of 2.45 and a beta of 1.41. Ambac Financial Group has a 1 year low of $13.96 and a 1 year high of $23.34. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.74.
Institutional investors have recently added to or reduced their stakes in the company. Glen Harbor Capital Management LLC purchased a new stake in shares of Ambac Financial Group in the 2nd quarter valued at approximately $115,000. Globeflex Capital L P purchased a new stake in shares of Ambac Financial Group in the 2nd quarter valued at approximately $159,000. Meadow Creek Investment Management LLC purchased a new stake in Ambac Financial Group during the 2nd quarter worth approximately $178,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Ambac Financial Group during the 3rd quarter worth approximately $221,000. Finally, United Services Automobile Association increased its stake in Ambac Financial Group by 31.0% during the 2nd quarter. United Services Automobile Association now owns 13,634 shares of the financial services provider’s stock worth $271,000 after buying an additional 3,224 shares during the period. 77.95% of the stock is currently owned by institutional investors and hedge funds.
About Ambac Financial Group
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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