Ambac Financial Group (NASDAQ:AMBC) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Separately, MKM Partners boosted their price objective on Ambac Financial Group to $20.00 and gave the stock a “neutral” rating in a report on Friday, June 29th.

Shares of NASDAQ:AMBC opened at $18.97 on Thursday. The stock has a market cap of $925.68 million, a price-to-earnings ratio of 4.24 and a beta of 1.75. Ambac Financial Group has a 1-year low of $13.17 and a 1-year high of $23.34. The company has a debt-to-equity ratio of 6.90, a current ratio of 0.99 and a quick ratio of 0.99.

Ambac Financial Group (NASDAQ:AMBC) last announced its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.21. The firm had revenue of $150.64 million during the quarter, compared to analysts’ expectations of $146.37 million. Ambac Financial Group had a return on equity of 11.70% and a net margin of 15.40%. The company’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.54 EPS.

Several hedge funds have recently made changes to their positions in AMBC. Wells Fargo & Company MN increased its stake in shares of Ambac Financial Group by 5.6% in the 1st quarter. Wells Fargo & Company MN now owns 91,880 shares of the financial services provider’s stock valued at $1,441,000 after acquiring an additional 4,875 shares during the last quarter. Swiss National Bank increased its stake in shares of Ambac Financial Group by 5.9% in the 1st quarter. Swiss National Bank now owns 78,800 shares of the financial services provider’s stock valued at $1,236,000 after acquiring an additional 4,400 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Ambac Financial Group by 12.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 469,733 shares of the financial services provider’s stock valued at $7,366,000 after acquiring an additional 53,714 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Ambac Financial Group by 5.3% in the 1st quarter. JPMorgan Chase & Co. now owns 55,836 shares of the financial services provider’s stock valued at $876,000 after acquiring an additional 2,830 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of Ambac Financial Group in the 2nd quarter valued at about $294,000. 80.70% of the stock is owned by institutional investors.

Ambac Financial Group Company Profile

Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees to clients in public and private sectors worldwide. It offers financial guarantee insurance policies and credit derivative contracts for public finance, structured finance, and international finance. The company was founded in 1971 and is headquartered in New York, New York.

Featured Article: How Do You Calculate Return on Equity (ROE)?

Receive News & Ratings for Ambac Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ambac Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.