33,500 Shares in MBIA, Inc. $MBI Acquired by Militia Capital Partners LP

Key Points

• Militia Capital Partners LP acquired 33,500 shares of MBIA, Inc. valued at approximately $167,000, making its total ownership about 0.07% of the company.
• Several other institutional investors, including ProShare Advisors LLC and AQR Capital Management LLC, also established or increased their stakes in MBIA during the first quarter.
• Analysts upgraded MBIA from a "sell" to a "hold" rating, with an average price target of $8.00, reflecting a generally favorable outlook for the stock.

Militia Capital Partners LP bought a new position in MBIA, Inc. (NYSE:MBI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 33,500 shares of the insurance provider's stock, valued at approximately $167,000. Militia Capital Partners LP owned about 0.07% of MBIA at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MBI. ProShare Advisors LLC purchased a new stake in MBIA in the fourth quarter worth approximately $81,000. AQR Capital Management LLC purchased a new stake in MBIA in the first quarter worth approximately $120,000. Dupree Financial Group LLC purchased a new stake in MBIA in the first quarter worth approximately $124,000. XTX Topco Ltd boosted its holdings in MBIA by 25.5% in the first quarter. XTX Topco Ltd now owns 29,528 shares of the insurance provider's stock worth $147,000 after purchasing an additional 6,001 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in MBIA in the first quarter worth approximately $205,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of MBIA from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $8.00.

MBIA Price Performance

Shares of MBIA stock opened at $7.77 on Friday. The company's fifty day simple moving average is $6.20 and its 200-day simple moving average is $5.21. The stock has a market capitalization of $392.35 million, a PE ratio of -1.67 and a beta of 1.94. MBIA, Inc. has a 1-year low of $3.28 and a 1-year high of $8.26.

MBIA Profile

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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