BTIG Research reissued their hold rating on shares of Ambac Financial Group Inc. (NASDAQ:AMBC) in a report published on Sunday.

Separately, TheStreet lowered shares of Ambac Financial Group from a hold rating to a sell rating in a research report on Tuesday, August 9th.

Shares of Ambac Financial Group (NASDAQ:AMBC) opened at 17.89 on Friday. The company has a market cap of $807.21 million, a price-to-earnings ratio of 12.70 and a beta of 1.81. Ambac Financial Group has a 12-month low of $11.92 and a 12-month high of $19.35. The firm’s 50-day moving average price is $18.13 and its 200 day moving average price is $16.71.

Ambac Financial Group (NASDAQ:AMBC) last released its earnings results on Tuesday, August 9th. The company reported $2.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $1.49. Ambac Financial Group had a net margin of 16.77% and a return on equity of 52.76%. The business had revenue of $106.70 million for the quarter, compared to analyst estimates of $119.30 million. During the same period last year, the company posted $5.70 EPS. The business’s revenue was down 53.8% on a year-over-year basis. On average, analysts predict that Ambac Financial Group will post $8.40 earnings per share for the current year.

In other news, CEO Tavakoli Nader purchased 20,000 shares of Ambac Financial Group stock in a transaction dated Monday, June 27th. The shares were purchased at an average price of $15.07 per share, with a total value of $301,400.00. Following the transaction, the chief executive officer now owns 238,142 shares in the company, valued at $3,588,799.94. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in AMBC. Credit Suisse AG raised its stake in Ambac Financial Group by 13.2% in the second quarter. Credit Suisse AG now owns 2,201,409 shares of the company’s stock valued at $36,236,000 after buying an additional 257,028 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Ambac Financial Group by 22.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,199,198 shares of the company’s stock valued at $36,198,000 after buying an additional 396,486 shares during the period. Vanguard Group Inc. increased its stake in Ambac Financial Group by 5.3% in the second quarter. Vanguard Group Inc. now owns 2,156,151 shares of the company’s stock valued at $35,491,000 after buying an additional 108,235 shares during the period. State Street Corp increased its stake in Ambac Financial Group by 0.3% in the second quarter. State Street Corp now owns 795,587 shares of the company’s stock valued at $13,095,000 after buying an additional 2,477 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its stake in Ambac Financial Group by 9.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 412,519 shares of the company’s stock valued at $6,790,000 after buying an additional 34,687 shares during the period. 72.23% of the stock is currently owned by hedge funds and other institutional investors.

Ambac Financial Group Company Profile

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