Venor Capital Management Lp adds Ambac Financial Group (AMBC) to its portfolio

Ambac Financial Group (AMBC) : Venor Capital Management Lp added new position in Ambac Financial Group during the most recent quarter end. The investment management firm now holds 687,072 shares of Ambac Financial Group which is valued at $15,665,242 , the company said in a statement filed on Nov 14, 2016 with the SEC.Ambac Financial Group makes up approximately 17.95% of Venor Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Cssil reduced its stake in AMBC by selling 9,956 shares or 28.48% in the most recent quarter. The Hedge Fund company now holds 25,000 shares of AMBC which is valued at $570,000. Ambac Financial Group makes up approx 0.06% of Cssil’s portfolio.Gendell Jeffrey L boosted its stake in AMBC in the latest quarter, The investment management firm added 137,735 additional shares and now holds a total of 379,738 shares of Ambac Financial Group which is valued at $8,331,452. Ambac Financial Group makes up approx 1.28% of Gendell Jeffrey L’s portfolio. Convergence Investment Partners sold out all of its stake in AMBC during the most recent quarter. The investment firm sold 45,030 shares of AMBC which is valued $987,958. Advisor Group sold out all of its stake in AMBC during the most recent quarter. The investment firm sold 99 shares of AMBC which is valued $2,086.Rhumbline Advisers boosted its stake in AMBC in the latest quarter, The investment management firm added 670 additional shares and now holds a total of 54,132 shares of Ambac Financial Group which is valued at $1,086,429.

Ambac Financial Group opened for trading at $23.12 and hit $23.5431 on the upside on Monday, eventually ending the session at $23.29, with a gain of 0.47% or 0.11 points. The heightened volatility saw the trading volume jump to 3,31,119 shares. Company has a market cap of $1,051 M.

On the company’s financial health, Ambac Financial Group reported $3.23 EPS for the quarter, beating the analyst consensus estimate by $ 2.55 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.68.Analysts expectations of $ 110.13.During the same quarter in the previous year, the company posted $3.77 EPS.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Ambac Financial Group - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ambac Financial Group. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.