Today The Swiss National Bank Sells 2,600 Shares of Ambac Financial Group, Inc. (AMBC)

Today The Swiss National Bank Sells 2,600 Shares of Ambac Financial Group, Inc. (AMBC)

Swiss National Bank cut its position in shares of Ambac Financial Group, Inc. (NASDAQ:AMBC) by 3.5% during the third quarter, Holdings Channel reports. The firm owned 72,100 shares of the company’s stock after selling 2,600 shares during the period. Swiss National Bank owned approximately 0.16% of Ambac Financial Group worth $1,326,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in AMBC. Teacher Retirement System of Texas raised its stake in Ambac Financial Group by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,284 shares of the company’s stock worth $103,000 after buying an additional 763 shares during the period. BNP Paribas Arbitrage SA raised its stake in Ambac Financial Group by 56,981.8% in the second quarter. BNP Paribas Arbitrage SA now owns 6,279 shares of the company’s stock worth $103,000 after buying an additional 6,268 shares during the period. Panagora Asset Management Inc. bought a new stake in Ambac Financial Group during the second quarter worth $130,000. Public Employees Retirement System of Ohio raised its stake in Ambac Financial Group by 3.6% in the second quarter. Public Employees Retirement System of Ohio now owns 9,521 shares of the company’s stock worth $157,000 after buying an additional 330 shares during the period. Finally, BlackRock Inc. raised its stake in Ambac Financial Group by 297.6% in the second quarter. BlackRock Inc. now owns 10,983 shares of the company’s stock worth $180,000 after buying an additional 8,221 shares during the period. 71.29% of the stock is owned by institutional investors.

Ambac Financial Group, Inc. (NASDAQ:AMBC) traded down 1.34% on Wednesday, reaching $22.09. The company’s stock had a trading volume of 79,774 shares. The company has a market capitalization of $996.72 million, a PE ratio of 1.80 and a beta of 1.93. Ambac Financial Group, Inc. has a one year low of $12.11 and a one year high of $27.25. The firm has a 50-day moving average of $23.42 and a 200-day moving average of $20.27.

Separately, MKM Partners reissued a “sell” rating and issued a $10.00 target price (down previously from $27.00) on shares of Ambac Financial Group in a research note on Monday, December 19th.

Want to see what other hedge funds are holding AMBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ambac Financial Group, Inc. (NASDAQ:AMBC).

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