Ambac Financial Group, Inc. (AMBC) Reaches $17.34 After 6.00% Down Move; Cullen Capital Management Has Lowered By $23.60 Million Its Vodafone Group Plc (Adr) (VOD) Stake

September 5, 2017 - By Darrin Black

Cullen Capital Management Llc decreased Vodafone Group Plc (Adr) (VOD) stake by 92.53% reported in 2016Q4 SEC filing. Cullen Capital Management Llc sold 983,455 shares as Vodafone Group Plc (Adr) (VOD)’s stock rose 16.21%. The Cullen Capital Management Llc holds 79,400 shares with $1.94M value, down from 1.06M last quarter. Vodafone Group Plc (Adr) now has $76.25B valuation. The stock declined 1.64% or $0.47 reaching $28.38 per share. About 1.65M shares traded. Vodafone Group Plc (ADR) (NASDAQ:VOD) has declined 13.23% since September 5, 2016 and is downtrending. It has underperformed by 29.93% the S&P500.

The stock of Ambac Financial Group, Inc. (NASDAQ:AMBC) is a huge mover today! About 99,174 shares traded. Ambac Financial Group, Inc. (NASDAQ:AMBC) has risen 2.68% since September 5, 2016 and is uptrending. It has underperformed by 14.02% the S&P500.The move comes after 7 months negative chart setup for the $832.62 million company. It was reported on Sep, 5 by Barchart.com. We have $16.30 PT which if reached, will make NASDAQ:AMBC worth $49.96 million less.

Among 2 analysts covering Ambac Financial Group Inc. (NASDAQ:AMBC), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Ambac Financial Group Inc. had 6 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, May 12 by M Partners. BTIG Research upgraded the shares of AMBC in report on Thursday, March 2 to “Buy” rating. The stock has “Sell” rating by M Partners on Monday, December 19. The stock has “Neutral” rating by M Partners on Tuesday, December 13. The rating was maintained by BTIG Research with “Buy” on Wednesday, June 21.

Among 7 analysts covering Vodafone Group PLC (ADR) (NASDAQ:VOD), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Vodafone Group PLC (ADR) had 12 analyst reports since October 19, 2015 according to SRatingsIntel. Goldman Sachs upgraded Vodafone Group Plc (ADR) (NASDAQ:VOD) on Tuesday, January 10 to “Buy” rating. The firm has “Buy” rating by Bank of America given on Wednesday, April 20. The firm earned “Buy” rating on Wednesday, August 9 by Bank of America. On Thursday, June 1 the stock rating was downgraded by Standpoint Research to “Reduce”. The firm earned “Hold” rating on Tuesday, September 20 by Argus Research. Bank of America downgraded the stock to “Neutral” rating in Wednesday, January 25 report. The stock has “Outperform” rating by Macquarie Research on Monday, October 19. The company was downgraded on Monday, June 13 by Macquarie Research. The stock of Vodafone Group Plc (ADR) (NASDAQ:VOD) earned “Neutral” rating by BNP Paribas on Monday, November 21. The stock of Vodafone Group Plc (ADR) (NASDAQ:VOD) has “Accumulate” rating given on Tuesday, January 3 by Standpoint Research.

Cullen Capital Management Llc increased Elbit Systems Ltd. (NASDAQ:ESLT) stake by 15,000 shares to 87,145 valued at $8.82 million in 2016Q4. It also upped Prosieben Sat. 1 Media stake by 66,100 shares and now owns 105,600 shares. Kt&G Corp. (KTCIF) was raised too.