Public Employees Retirement System of Ohio increased its position in Ambac Financial Group, Inc. (NASDAQ:AMBC) by 5.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,093 shares of the financial services provider’s stock after buying an additional 330 shares during the period. Public Employees Retirement System of Ohio’s holdings in Ambac Financial Group were worth $106,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its holdings in Ambac Financial Group by 35.7% in the second quarter. BNP Paribas Arbitrage SA now owns 14,211 shares of the financial services provider’s stock worth $247,000 after buying an additional 3,737 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Ambac Financial Group in the second quarter worth approximately $257,000. BB&T Securities LLC increased its holdings in Ambac Financial Group by 57.2% in the second quarter. BB&T Securities LLC now owns 16,768 shares of the financial services provider’s stock worth $290,000 after buying an additional 6,100 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Ambac Financial Group by 58.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 17,304 shares of the financial services provider’s stock worth $300,000 after buying an additional 6,400 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in Ambac Financial Group by 11.1% in the second quarter. Voya Investment Management LLC now owns 21,247 shares of the financial services provider’s stock worth $369,000 after buying an additional 2,126 shares during the last quarter. Hedge funds and other institutional investors own 72.85% of the company’s stock.

Separately, MKM Partners reiterated a “hold” rating on shares of Ambac Financial Group in a report on Thursday, October 5th.

In related news, Director C James Prieur purchased 10,000 shares of the stock in a transaction on Monday, November 13th. The shares were bought at an average price of $14.02 per share, for a total transaction of $140,200.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Claude Leblanc purchased 15,000 shares of the stock in a transaction on Wednesday, October 4th. The shares were bought at an average price of $16.64 per share, for a total transaction of $249,600.00. The disclosure for this purchase can be found here. Company insiders own 0.61% of the company’s stock.

Ambac Financial Group, Inc. (NASDAQ:AMBC) opened at $14.25 on Tuesday. Ambac Financial Group, Inc. has a twelve month low of $13.17 and a twelve month high of $27.25. The company has a debt-to-equity ratio of 7.46, a current ratio of 0.38 and a quick ratio of 0.38.

Ambac Financial Group (NASDAQ:AMBC) last announced its quarterly earnings results on Wednesday, November 8th. The financial services provider reported ($3.30) EPS for the quarter, missing the consensus estimate of $0.92 by ($4.22). Ambac Financial Group had a negative net margin of 60.33% and a negative return on equity of 9.68%. The company had revenue of $132.97 million for the quarter, compared to analyst estimates of $125.84 million. During the same quarter last year, the business earned $3.23 EPS. The company’s revenue for the quarter was down 8.3% on a year-over-year basis.

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About Ambac Financial Group

Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees and other financial services to clients in both the public and private sectors worldwide. It operates through two segments, Financial Guarantee and Financial Services. The Financial Guarantee segment provides financial guarantees, including insurance policies and credit derivative contracts for public finance, structured finance, and international obligations.

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

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