Ambac Financial Group Sees Unusually High Options Volume (NYSE:AMBC)

Ambac Financial Group, Inc. (NYSE:AMBCGet Free Report) saw unusually large options trading on Wednesday. Investors purchased 8,145 call options on the stock. This is an increase of approximately 276% compared to the average volume of 2,167 call options.

Institutional Trading of Ambac Financial Group

Several large investors have recently added to or reduced their stakes in the company. Gladius Capital Management LP boosted its holdings in shares of Ambac Financial Group by 71.3% in the 3rd quarter. Gladius Capital Management LP now owns 2,528 shares of the company’s stock valued at $30,000 after acquiring an additional 1,052 shares during the last quarter. Clearstead Advisors LLC purchased a new stake in Ambac Financial Group in the third quarter valued at $72,000. Federated Hermes Inc. boosted its holdings in Ambac Financial Group by 26.9% in the third quarter. Federated Hermes Inc. now owns 6,171 shares of the company’s stock valued at $74,000 after purchasing an additional 1,309 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in Ambac Financial Group during the 3rd quarter worth about $122,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Ambac Financial Group during the 4th quarter valued at about $165,000. Hedge funds and other institutional investors own 84.49% of the company’s stock.

Ambac Financial Group Stock Down 14.2 %

NYSE:AMBC traded down $2.44 during midday trading on Wednesday, reaching $14.79. 554,265 shares of the stock traded hands, compared to its average volume of 383,917. The stock has a market capitalization of $668.80 million, a PE ratio of 13.16 and a beta of 1.29. Ambac Financial Group has a 12-month low of $11.26 and a 12-month high of $18.45. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.71 and a current ratio of 0.71. The business has a 50-day moving average of $16.14 and a two-hundred day moving average of $15.87.

Ambac Financial Group (NYSE:AMBCGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.21 by $0.61. Ambac Financial Group had a net margin of 18.09% and a return on equity of 10.69%. The business had revenue of $103.00 million during the quarter. During the same quarter in the previous year, the firm posted ($0.30) earnings per share. On average, equities analysts forecast that Ambac Financial Group will post 1.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on AMBC shares. upgraded shares of Ambac Financial Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. Compass Point increased their price objective on shares of Ambac Financial Group from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th.

View Our Latest Research Report on Ambac Financial Group

About Ambac Financial Group

(Get Free Report)

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.

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