Today, 10,500 Shares of Ambac Financial Group Inc. (AMBC) are sold by California Public Employees Retirement System

Today, 10,500 Shares of Ambac Financial Group Inc. (AMBC) are sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its stake in Ambac Financial Group Inc. (NASDAQ:AMBC) by 4.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 250,300 shares of the company’s stock after selling 10,500 shares during the period. California Public Employees Retirement System owned 0.55% of Ambac Financial Group worth $4,603,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMBC. Gargoyle Investment Advisor L.L.C. purchased a new position in Ambac Financial Group during the second quarter valued at $462,000. Nomura Holdings Inc. purchased a new position in Ambac Financial Group during the second quarter valued at $1,342,000. HBK Investments L P purchased a new position in Ambac Financial Group during the first quarter valued at $256,000. Jacobs Levy Equity Management Inc. purchased a new position in Ambac Financial Group during the first quarter valued at $1,352,000. Finally, Swiss National Bank boosted its position in Ambac Financial Group by 1.8% in the second quarter. Swiss National Bank now owns 74,700 shares of the company’s stock valued at $1,230,000 after buying an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 73.03% of the company’s stock.

Shares of Ambac Financial Group Inc. (NASDAQ:AMBC) traded up 0.42% on Friday, hitting $23.93. The company had a trading volume of 129,187 shares. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 1.95 and a beta of 1.77. Ambac Financial Group Inc. has a 1-year low of $11.92 and a 1-year high of $24.12. The company has a 50 day moving average price of $20.41 and a 200 day moving average price of $18.09.

AMBC has been the topic of several recent research reports. BTIG Research reiterated a “hold” rating on shares of Ambac Financial Group in a research report on Sunday, September 18th. TheStreet cut Ambac Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th.

In related news, CEO Tavakoli Nader bought 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The shares were bought at an average price of $18.06 per share, with a total value of $216,720.00. Following the completion of the transaction, the chief executive officer now directly owns 256,842 shares in the company, valued at $4,638,566.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

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