Fmr LLC continued to hold its position in shares of Ambac Financial Group, Inc. (NASDAQ:AMBC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,240,260 shares of the company’s stock at the end of the fourth quarter. Fmr LLC owned approximately 4.97% of Ambac Financial Group worth $50,406,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Gendell Jeffrey L raised its position in shares of Ambac Financial Group by 56.9% in the third quarter. Gendell Jeffrey L now owns 379,738 shares of the company’s stock worth $6,984,000 after buying an additional 137,735 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Ambac Financial Group by 12.5% in the third quarter. Prudential Financial Inc. now owns 105,980 shares of the company’s stock worth $1,949,000 after buying an additional 11,780 shares during the period. HBK Investments L P increased its stake in shares of Ambac Financial Group by 5.4% in the third quarter. HBK Investments L P now owns 25,200 shares of the company’s stock worth $463,000 after buying an additional 1,300 shares during the period. BlackRock Investment Management LLC increased its stake in shares of Ambac Financial Group by 1.1% in the third quarter. BlackRock Investment Management LLC now owns 164,090 shares of the company’s stock worth $3,018,000 after buying an additional 1,753 shares during the period. Finally, Aperio Group LLC increased its stake in shares of Ambac Financial Group by 103.0% in the third quarter. Aperio Group LLC now owns 21,964 shares of the company’s stock worth $404,000 after buying an additional 11,142 shares during the period. 73.15% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Ambac Financial Group (NASDAQ:AMBC)

Shares of Ambac Financial Group, Inc. (NASDAQ:AMBC) opened at 18.64 on Tuesday. The stock has a 50 day moving average price of $21.28 and a 200-day moving average price of $21.16. Ambac Financial Group, Inc. has a 12-month low of $14.42 and a 12-month high of $27.25. The stock has a market cap of $843.05 million, a price-to-earnings ratio of 11.37 and a beta of 1.91.

Ambac Financial Group (NASDAQ:AMBC) last posted its earnings results on Tuesday, February 28th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by $0.91. Ambac Financial Group had a net margin of 126.93% and a return on equity of 46.96%. During the same quarter in the prior year, the firm posted $10.64 earnings per share. Equities analysts anticipate that Ambac Financial Group, Inc. will post $1.75 EPS for the current fiscal year.

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A number of research firms have recently issued reports on AMBC. BTIG Research upgraded Ambac Financial Group from a “neutral” rating to a “buy” rating and set a $28.00 target price for the company in a report on Wednesday, March 1st. MKM Partners increased their target price on Ambac Financial Group from $20.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, December 13th.

In related news, CEO Claude Leblanc purchased 20,000 shares of the stock in a transaction that occurred on Friday, March 17th. The stock was acquired at an average price of $19.55 per share, with a total value of $391,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 17,542 shares in the company, valued at approximately $342,946.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

5 Day Chart for NASDAQ:AMBC

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