Mraz Amerine & Associates Inc. Sells 4,250 Shares of Ambac Financial Group, Inc. (NYSE:AMBC)

Mraz Amerine & Associates Inc. lowered its position in Ambac Financial Group, Inc. (NYSE:AMBC) by 15.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,600 shares of the company’s stock after selling 4,250 shares during the quarter. Mraz Amerine & Associates Inc. owned 0.05% of Ambac Financial Group worth $372,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in Ambac Financial Group during the 1st quarter valued at $26,000. Gyon Technologies Capital Management LP acquired a new stake in Ambac Financial Group during the 4th quarter valued at $28,000. Gladius Capital Management LP increased its holdings in Ambac Financial Group by 71.3% during the 3rd quarter. Gladius Capital Management LP now owns 2,528 shares of the company’s stock valued at $30,000 after purchasing an additional 1,052 shares in the last quarter. Quarry LP increased its holdings in Ambac Financial Group by 75.1% during the 1st quarter. Quarry LP now owns 2,660 shares of the company’s stock valued at $41,000 after purchasing an additional 1,141 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Ambac Financial Group during the 1st quarter valued at $45,000. 84.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised Ambac Financial Group from a “sell” rating to a “hold” rating in a report on Monday, April 8th.

Ambac Financial Group Trading Down 1.1 %

AMBC traded down $0.16 during mid-day trading on Wednesday, reaching $14.07. The stock had a trading volume of 254,700 shares, compared to its average volume of 374,795. The stock has a market capitalization of $636.25 million, a P/E ratio of 94.87 and a beta of 1.30. The company has a debt-to-equity ratio of 2.46, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s fifty day simple moving average is $15.52 and its two-hundred day simple moving average is $14.90. Ambac Financial Group, Inc. has a 52 week low of $11.26 and a 52 week high of $17.80.

Ambac Financial Group (NYSE:AMBC) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.29. The firm had revenue of $76.00 million for the quarter. Ambac Financial Group had a return on equity of 6.99% and a net margin of 1.48%. During the same quarter in the previous year, the business posted $4.18 earnings per share. On average, equities analysts predict that Ambac Financial Group, Inc. will post 0.45 EPS for the current year.

Ambac Financial Group Company Profile

Ambac Financial Group, Inc operates as a financial services holding company. It operates three businesses: Specialty Property and Casualty Insurance, Insurance Distribution, and Legacy Financial Guarantee (LFG) Insurance. The Specialty Property and Casualty Insurance business provides specialty property and casualty program insurance with a focus commercial and personal liability risks.