ClariVest Asset Management LLC purchased a new position in shares of Ambac Financial Group, Inc. (NASDAQ:AMBC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 191,600 shares of the financial services provider’s stock, valued at approximately $3,303,000. ClariVest Asset Management LLC owned about 0.42% of Ambac Financial Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMBC. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Ambac Financial Group in the 3rd quarter valued at $221,000. Crossmark Global Holdings Inc. bought a new position in Ambac Financial Group in the 4th quarter valued at $242,000. United Services Automobile Association boosted its position in Ambac Financial Group by 31.0% in the 2nd quarter. United Services Automobile Association now owns 13,634 shares of the financial services provider’s stock valued at $271,000 after buying an additional 3,224 shares during the last quarter. Globeflex Capital L P boosted its position in Ambac Financial Group by 90.3% in the 3rd quarter. Globeflex Capital L P now owns 15,222 shares of the financial services provider’s stock valued at $311,000 after buying an additional 7,222 shares during the last quarter. Finally, Clear Harbor Asset Management LLC bought a new position in Ambac Financial Group in the 3rd quarter valued at $384,000. Institutional investors and hedge funds own 77.35% of the company’s stock.

Shares of AMBC opened at $19.47 on Thursday. The firm has a market capitalization of $872.27 million, a price-to-earnings ratio of 2.92 and a beta of 1.21. The company has a debt-to-equity ratio of 4.74, a quick ratio of 1.06 and a current ratio of 1.06. Ambac Financial Group, Inc. has a 52 week low of $13.96 and a 52 week high of $23.34.

A number of research analysts have commented on AMBC shares. BidaskClub upgraded Ambac Financial Group from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. ValuEngine upgraded Ambac Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 30th. Finally, TheStreet upgraded Ambac Financial Group from a “d+” rating to a “c” rating in a research report on Wednesday, November 14th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $20.00.

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Ambac Financial Group Company Profile

Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees to clients in public and private sectors worldwide. It offers financial guarantee insurance policies and credit derivative contracts for public finance, structured finance, and international finance. The company was founded in 1971 and is headquartered in New York, New York.

Featured Story: Institutional Investors

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

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