Quantbot Technologies LP Purchases 16,375 Shares of Ambac Financial Group, Inc. (NYSE:AMBC)

Quantbot Technologies LP boosted its position in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 48.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,899 shares of the company’s stock after acquiring an additional 16,375 shares during the quarter. Quantbot Technologies LP’s holdings in Ambac Financial Group were worth $559,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AMBC. Quarry LP increased its stake in shares of Ambac Financial Group by 830.7% during the 2nd quarter. Quarry LP now owns 2,364 shares of the company’s stock worth $30,000 after purchasing an additional 2,110 shares during the last quarter. nVerses Capital LLC grew its holdings in Ambac Financial Group by 525.0% during the second quarter. nVerses Capital LLC now owns 5,000 shares of the company’s stock worth $64,000 after purchasing an additional 4,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ambac Financial Group by 20.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,826 shares of the company’s stock worth $126,000 after buying an additional 1,637 shares during the last quarter. Creative Planning bought a new stake in Ambac Financial Group in the third quarter valued at approximately $156,000. Finally, SG Americas Securities LLC bought a new stake in Ambac Financial Group in the third quarter valued at approximately $185,000. Institutional investors and hedge funds own 84.49% of the company’s stock.

Ambac Financial Group Price Performance

Ambac Financial Group stock opened at $12.81 on Tuesday. The company has a market capitalization of $607.74 million, a price-to-earnings ratio of -27.39 and a beta of 1.22. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.10. Ambac Financial Group, Inc. has a 12 month low of $10.12 and a 12 month high of $18.45. The stock’s 50 day moving average is $11.70 and its 200-day moving average is $12.44.

Insider Buying and Selling at Ambac Financial Group

In other Ambac Financial Group news, Director Kristi Ann Matus acquired 2,700 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was acquired at an average price of $11.27 per share, for a total transaction of $30,429.00. Following the purchase, the director now directly owns 2,700 shares of the company’s stock, valued at $30,429. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com downgraded Ambac Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. Roth Mkm upgraded shares of Ambac Financial Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $13.00 to $15.00 in a report on Wednesday, September 18th. Finally, Roth Capital raised shares of Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 18th.

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.