Hsbc Holdings PLC trimmed its holdings in shares of Ambac Financial Group, Inc. (NYSE:AMBC – Get Rating) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 239,621 shares of the company’s stock after selling 3,028 shares during the quarter. Hsbc Holdings PLC owned 0.53% of Ambac Financial Group worth $3,029,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of AMBC. Mutual of America Capital Management LLC lifted its stake in Ambac Financial Group by 13.4% during the second quarter. Mutual of America Capital Management LLC now owns 7,565 shares of the company’s stock worth $86,000 after purchasing an additional 893 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Ambac Financial Group by 62.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,770 shares of the company’s stock valued at $31,000 after buying an additional 1,070 shares during the period. Hightower 6M Holding LLC lifted its stake in Ambac Financial Group by 13.8% during the 3rd quarter. Hightower 6M Holding LLC now owns 16,319 shares of the company’s stock worth $208,000 after acquiring an additional 1,984 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Ambac Financial Group during the 1st quarter valued at about $26,000. Finally, UBS Group AG grew its position in Ambac Financial Group by 28.8% in the 3rd quarter. UBS Group AG now owns 11,591 shares of the company’s stock valued at $148,000 after acquiring an additional 2,591 shares in the last quarter. 69.84% of the stock is currently owned by hedge funds and other institutional investors.
Ambac Financial Group Stock Down 0.1 %
Shares of NYSE AMBC opened at $16.44 on Monday. The stock has a market cap of $739.31 million, a P/E ratio of 2.30 and a beta of 1.16. The business’s fifty day simple moving average is $16.64 and its 200-day simple moving average is $15.12. Ambac Financial Group, Inc. has a 12-month low of $7.24 and a 12-month high of $17.59. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.62.
Wall Street Analysts Forecast Growth
Ambac Financial Group Company Profile
Ambac Financial Group, Inc is a holding company, which engages in the provision of financial guarantee insurance policies through its subsidiary, Ambac Assurance Corp. Its services include credit, insurance, asset management and other financial services. The company was founded on April 29, 1991 and is headquartered in New York, NY.
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