UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in Ambac Financial Group, Inc. (NYSE:AMBC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 3.1% in the 3rd quarter, Holdings Channel reports. The firm owned 156,967 shares of the company’s stock after selling 5,027 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ambac Financial Group were worth $1,760,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Public Sector Pension Investment Board raised its holdings in Ambac Financial Group by 0.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 172,656 shares of the company’s stock valued at $1,935,000 after acquiring an additional 1,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ambac Financial Group by 20.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,826 shares of the company’s stock valued at $126,000 after purchasing an additional 1,637 shares during the last quarter. Quarry LP increased its holdings in shares of Ambac Financial Group by 830.7% in the second quarter. Quarry LP now owns 2,364 shares of the company’s stock valued at $30,000 after purchasing an additional 2,110 shares during the last quarter. Caxton Associates LP lifted its position in Ambac Financial Group by 10.9% during the second quarter. Caxton Associates LP now owns 25,277 shares of the company’s stock worth $324,000 after buying an additional 2,485 shares in the last quarter. Finally, nVerses Capital LLC boosted its stake 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 buying an additional 4,200 shares during the last quarter. 84.49% of the stock is currently owned by institutional investors and hedge funds.

Ambac Financial Group Trading Up 1.1 %

AMBC opened at $13.55 on Tuesday. The stock has a market capitalization of $642.85 million, a PE ratio of -29.46 and a beta of 1.25. Ambac Financial Group, Inc. has a one year low of $10.12 and a one year high of $18.45. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.58 and a current ratio of 0.58. The business’s 50 day moving average price is $12.09 and its 200 day moving average price is $12.09.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AMBC shares. Roth Mkm raised Ambac Financial Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $13.00 to $15.00 in a research note on Wednesday, September 18th. Roth Capital upgraded shares of Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 18th.

Insider Buying and Selling at Ambac Financial Group

In related news, Director Kristi Ann Matus purchased 2,700 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was acquired at an average cost of $11.27 per share, for a total transaction of $30,429.00. Following the completion of the transaction, the director now directly owns 2,700 shares in the company, valued at approximately $30,429. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.00% of the company’s stock.

About Ambac Financial Group

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.