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

Fox Run Management L.L.C. reduced its stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 49.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 26,817 shares of the company’s stock after selling 25,918 shares during the period. Fox Run Management L.L.C.’s holdings in Ambac Financial Group were worth $339,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AMBC. Point72 DIFC Ltd acquired a new position in Ambac Financial Group in the third quarter valued at approximately $46,000. Aigen Investment Management LP acquired a new position in shares of Ambac Financial Group in the 4th quarter valued at $146,000. AXQ Capital LP purchased a new stake in Ambac Financial Group during the fourth quarter worth $153,000. KLP Kapitalforvaltning AS purchased a new position in Ambac Financial Group in the fourth quarter valued at $157,000. Finally, XTX Topco Ltd acquired a new position in shares of Ambac Financial Group in the third quarter worth about $172,000. Hedge funds and other institutional investors own 84.49% of the company’s stock.

Ambac Financial Group Price Performance

NYSE:AMBC opened at $8.96 on Thursday. The stock has a market capitalization of $414.10 million, a PE ratio of -19.47 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 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’s 50-day moving average price is $10.48 and its 200-day moving average price is $11.38.

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

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.