Ambac Financial Group, Inc. (NYSE:AMBC) Shares Sold by Repertoire Partners LP

by · The Cerbat Gem

Repertoire Partners LP decreased its stake in Ambac Financial Group, Inc. (NYSE:AMBC – Free Report) by 0.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,242,553 shares of the company’s stock after selling 3,559 shares during the period. Ambac Financial Group accounts for 34.1% of Repertoire Partners LP’s investment portfolio, making the stock its largest holding. Repertoire Partners LP owned about 4.95% of Ambac Financial Group worth $31,934,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Gendell Jeffrey L boosted its holdings in shares of Ambac Financial Group by 40.3% in the 1st quarter. Gendell Jeffrey L now owns 140,296 shares of the company’s stock valued at $2,172,000 after buying an additional 40,296 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Ambac Financial Group by 28.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,171,341 shares of the company’s stock valued at $30,919,000 after purchasing an additional 480,450 shares during the last quarter. Royce & Associates LP raised its position in Ambac Financial Group by 19.9% in the 2nd quarter. Royce & Associates LP now owns 39,345 shares of the company’s stock valued at $560,000 after purchasing an additional 6,527 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Ambac Financial Group by 119.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 17,058 shares of the company’s stock valued at $243,000 after purchasing an additional 9,272 shares during the last quarter. Finally, LPL Financial LLC raised its position in Ambac Financial Group by 6.5% in the 2nd quarter. LPL Financial LLC now owns 63,022 shares of the company’s stock valued at $897,000 after purchasing an additional 3,863 shares during the last quarter. Institutional investors and hedge funds own 81.68% of the company’s stock.

Ambac Financial Group Stock Down 1.0 %

Shares of Ambac Financial Group stock opened at $16.26 on Tuesday. The company has a market cap of $734.79 million, a P/E ratio of 3.83 and a beta of 1.24. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.80 and a current ratio of 0.80. Ambac Financial Group, Inc. has a one year low of $11.26 and a one year high of $17.75. The firm has a fifty day moving average of $13.28 and a two-hundred day moving average of $13.49.

Ambac Financial Group (NYSE:AMBC – Get Free Report) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $2.10. The business had revenue of $74.00 million during the quarter. Ambac Financial Group had a net margin of 47.26% and a return on equity of 20.87%. During the same quarter in the prior year, the business earned $7.37 EPS. On average, analysts forecast that Ambac Financial Group, Inc. will post 1.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Ambac Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday.

Check Out Our Latest Analysis on Ambac Financial Group

Ambac Financial Group Company Profile

(Free Report)

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.

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