Susquehanna Fundamental Investments LLC acquired a new position in shares of MBIA Inc. (NYSE:MBI - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 163,780 shares of the insurance provider's stock, valued at approximately $1,058,000. Susquehanna Fundamental Investments LLC owned 0.32% of MBIA at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Nebula Research & Development LLC acquired a new stake in shares of MBIA in the 4th quarter worth $77,000. XTX Topco Ltd purchased a new stake in shares of MBIA during the 4th quarter worth $152,000. MetLife Investment Management LLC increased its holdings in shares of MBIA by 225.8% in the 4th quarter. MetLife Investment Management LLC now owns 27,260 shares of the insurance provider's stock valued at $176,000 after purchasing an additional 18,893 shares in the last quarter. HighTower Advisors LLC boosted its holdings in MBIA by 7.0% during the fourth quarter. HighTower Advisors LLC now owns 30,597 shares of the insurance provider's stock worth $198,000 after buying an additional 2,000 shares in the last quarter. Finally, Barclays PLC grew its position in MBIA by 279.1% during the third quarter. Barclays PLC now owns 58,406 shares of the insurance provider's stock worth $209,000 after buying an additional 42,998 shares during the period. 60.95% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on MBI shares. StockNews.com downgraded shares of MBIA from a "hold" rating to a "sell" rating in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods lowered their target price on MBIA from $9.00 to $8.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th.
Get Our Latest Stock Report on MBIA
MBIA Price Performance
MBI traded up $0.03 during trading on Wednesday, hitting $4.67. The company's stock had a trading volume of 25,808 shares, compared to its average volume of 447,175. MBIA Inc. has a twelve month low of $3.22 and a twelve month high of $7.46. The stock has a market cap of $235.23 million, a PE ratio of -0.41 and a beta of 1.88. The firm's 50 day moving average price is $4.84 and its 200-day moving average price is $5.65.
MBIA (NYSE:MBI - Get Free Report) last released its earnings results on Thursday, February 27th. The insurance provider reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.17). The company had revenue of $29.00 million during the quarter, compared to analysts' expectations of $28.70 million. Equities analysts anticipate that MBIA Inc. will post -3.5 earnings per share for the current year.
About MBIA
(
Free Report)
MBIA Inc provides financial guarantee insurance services to public finance markets in the United States. It operates United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S.
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