Ambac Financial Group, Inc. (AMBC) Shares Bought by Macquarie Group Ltd.

Macquarie Group Ltd. lifted its position in shares of Ambac Financial Group, Inc. (NASDAQ:AMBC) by 183.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,700 shares of the financial services provider’s stock after purchasing an additional 1,100 shares during the period. Macquarie Group Ltd.’s holdings in Ambac Financial Group were worth $29,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. increased its position in Ambac Financial Group by 185.2% in the 4th quarter. BlackRock Inc. now owns 6,190,576 shares of the financial services provider’s stock valued at $106,725,000 after acquiring an additional 4,020,294 shares during the period. Vanguard Group Inc increased its position in Ambac Financial Group by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 2,157,643 shares of the financial services provider’s stock valued at $44,059,000 after acquiring an additional 15,930 shares during the period. Vanguard Group Inc. increased its position in Ambac Financial Group by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,157,643 shares of the financial services provider’s stock valued at $44,059,000 after acquiring an additional 15,930 shares during the period. EJF Capital LLC increased its position in Ambac Financial Group by 17.9% in the 4th quarter. EJF Capital LLC now owns 2,092,365 shares of the financial services provider’s stock valued at $36,072,000 after acquiring an additional 317,979 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Ambac Financial Group by 22.5% in the 4th quarter. Bank of New York Mellon Corp now owns 645,588 shares of the financial services provider’s stock valued at $11,130,000 after acquiring an additional 118,656 shares during the period. Hedge funds and other institutional investors own 84.08% of the company’s stock.

Separately, BidaskClub cut Ambac Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd.

Shares of AMBC stock opened at $18.50 on Friday. The stock has a market capitalization of $838.83 million, a P/E ratio of 2.81 and a beta of 0.94. Ambac Financial Group, Inc. has a 52-week low of $15.02 and a 52-week high of $23.34. The company has a debt-to-equity ratio of 5.02, a quick ratio of 1.04 and a current ratio of 1.04.

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Ambac Financial Group Company Profile

Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees to public and private sector clients 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.

Read More: Retained Earnings

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

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