Great West Life Assurance Co. Can Has $664,000 Stock Position in Ambac Financial Group, Inc. (NYSE:AMBC)


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Great West Life Assurance Co. Can decreased its stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 6.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,086 shares of the company’s stock after selling 3,486 shares during the quarter. Great West Life Assurance Co. Can owned about 0.11% of Ambac Financial Group worth $664,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AMBC. Private Advisor Group LLC bought a new position in shares of Ambac Financial Group during the 2nd quarter worth approximately $29,000. Bank of Montreal Can boosted its stake in shares of Ambac Financial Group by 743.6% during the 2nd quarter. Bank of Montreal Can now owns 5,146 shares of the company’s stock worth $66,000 after acquiring an additional 4,536 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Ambac Financial Group by 210.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,387 shares of the company’s stock worth $145,000 after acquiring an additional 7,718 shares during the period. Jane Street Group LLC bought a new position in shares of Ambac Financial Group during the 2nd quarter worth approximately $169,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Ambac Financial Group during the 3rd quarter worth approximately $175,000. 79.67% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub downgraded Ambac Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, December 23rd.

AMBC opened at $16.17 on Thursday. The business has a fifty day simple moving average of $16.39 and a 200 day simple moving average of $14.85. The company has a market capitalization of $740.73 million, a PE ratio of -1.40 and a beta of 1.39. Ambac Financial Group, Inc. has a 1 year low of $8.74 and a 1 year high of $22.90. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.22 and a quick ratio of 1.22.

Ambac Financial Group (NYSE:AMBC) last released its quarterly earnings results on Monday, November 9th. The company reported ($2.01) earnings per share (EPS) for the quarter. The company had revenue of $62.00 million during the quarter.

Ambac Financial Group Profile

Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; and credit derivative contracts and interest rate derivative transactions.

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

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