(NASDAQ:AMBC) shares saw heavy trading volume with 439K shares changing hands in the last trading session.
More notable recent Ambac Financial Group, Inc.
Several other large investors have also modified their holdings of AMBC. The value of the total investment in Ambac Financial Group, Inc. went from $55,000 to $38,000 decreasing 30.9% quarter to quarter. American International Group Inc. now owns 27,748 shares of the financial services provider's stock worth $523,000 after buying an additional 1,835 shares during the last quarter. Gargoyle Investment Advisor L.L.C. raised its stake in shares of Ambac Financial Group by 6.2% in the first quarter.
Goldentree Asset Management Lp, which manages about $22.00 billion and $804.33 million US Long portfolio, decreased its stake in Tribune Media Co by 309,062 shares to 706,405 shares, valued at $24.72M in 2016Q4, according to the filing. Lazard Asset Management LLC acquired a new stake in shares of Ambac Financial Group during the first quarter valued at approximately $631,000. Moreover, Davis Capital Partners Llc has 7.25% invested in the company for 1.88 million shares. Tower Research Capital LLC (trc) now holds 107 shares worth $2,000. (NASDAQ:AMBC) Worth Buying? The stock has a 50-day moving average of $45.27 and a 200-day moving average of $40.50. The company has market cap of $1.74 billion. Ambac Financial Group, Inc. has a 12 month low of $15.67 and a 12 month high of $27.25. (NASDAQ:AMBC) news were published by: Seekingalpha.com which released: "Ambac Financial's (AMBC) CEO Claude LeBlanc on Q1 2017 Results - Earnings Call ..." on May 11, 2017, also Globenewswire.com with their article: "Ambac Names R. Sharon Smith Senior Managing Director, Chief of Staff" published on May 17, 2017, Globenewswire.com published: "Ambac Names Lisa A. Kampf as Managing Director, Investor Relations" on April 26, 2017. Earnings, adjusted for non-recurring costs, came to $1.54 per share. The business had revenue of $172.85 million during the quarter, compared to analyst estimates of $127.75 million. Ambac Financial Group's revenue for the quarter was up 36.9% on a year-over-year basis. The business's revenue for the quarter was up 7.2% compared to the same quarter past year. On average, equities analysts anticipate that Fidelity National Financial, Inc. will post $2.55 EPS for the current year.
Ambac Financial Group, Inc.
S&P falls 1.4% in safety flight on North Korea tensions
The index's losses mirrored global markets, which fell after incendiary words between the United States and North Korea . In the eurozone, the Paris CAC 40 lost 0.2 per cent to 5,133.64 points compared with the closing level on Wednesday.
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A number of research analysts have commented on FNF shares. Finally, Piper Jaffray Companies reiterated a "buy" rating and set a $48.00 price target on shares of Fidelity National Financial in a research note on Friday, July 14th. State Board of Administration of Florida Retirement System now owns 21,917 shares of the financial services provider's stock worth $493,000 after buying an additional 130 shares during the last quarter.
In other news, CFO Anthony Park sold 138,941 shares of Fidelity National Financial stock in a transaction that occurred on Friday, May 19th. Overall, volume was up 0.97% over the stocks normal daily volume. Insiders have sold 411,800 shares of company stock valued at $18,218,120 over the last 90 days. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
The company is so far trading down since yesterday's close of $19.97.