Cornerstone Investment Partners LLC Makes New $178,000 Investment in Ambac Financial Group, Inc. (NYSE:AMBC)

Cornerstone Investment Partners LLC acquired a new position in shares of Ambac Financial Group, Inc. (NYSE:AMBC) in the fourth quarter, Holdings Channel.com reports. The firm acquired 10,807 shares of the company’s stock, valued at approximately $178,000.

A number of other large investors also recently added to or reduced their stakes in AMBC. Point72 Hong Kong Ltd acquired a new stake in shares of Ambac Financial Group in the first quarter valued at about $26,000. Gyon Technologies Capital Management LP acquired a new stake in shares of Ambac Financial Group in the fourth quarter valued at about $28,000. Gladius Capital Management LP raised its position in shares of Ambac Financial Group by 71.3% in the third quarter. Gladius Capital Management LP now owns 2,528 shares of the company’s stock valued at $30,000 after buying an additional 1,052 shares during the last quarter. Quarry LP raised its position in shares of Ambac Financial Group by 75.1% in the first quarter. Quarry LP now owns 2,660 shares of the company’s stock valued at $41,000 after buying an additional 1,141 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Ambac Financial Group in the first quarter valued at about $45,000. 84.49% of the stock is currently owned by institutional investors and hedge funds.

Ambac Financial Group Trading Up 2.8 %

Shares of AMBC opened at $14.40 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.46. Ambac Financial Group, Inc. has a 12-month low of $11.26 and a 12-month high of $17.80. The firm has a 50-day moving average price of $15.44 and a 200 day moving average price of $14.91. The firm has a market capitalization of $651.17 million, a P/E ratio of 96.01 and a beta of 1.30.

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

Wall Street Analyst Weigh In

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

About Ambac Financial Group

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.