33,500 Shares in MBIA, Inc. $MBI Purchased 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 purchased a new stake in shares of 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 purchased 33,500 shares of the insurance provider's stock, valued at approximately $167,000. Militia Capital Partners LP owned 0.07% of MBIA at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Northern Trust Corp raised its stake in MBIA by 1.4% in the fourth quarter. Northern Trust Corp now owns 428,190 shares of the insurance provider's stock worth $2,766,000 after buying an additional 5,860 shares in the last quarter. Deutsche Bank AG raised its position in shares of MBIA by 63.2% in the 4th quarter. Deutsche Bank AG now owns 50,033 shares of the insurance provider's stock worth $323,000 after acquiring an additional 19,379 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of MBIA during the 4th quarter worth $215,000. ProShare Advisors LLC bought a new stake in MBIA during the fourth quarter valued at about $81,000. Finally, Toronto Dominion Bank bought a new stake in MBIA during the fourth quarter valued at about $311,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

MBIA Price Performance

NYSE:MBI traded up $0.33 during trading hours on Thursday, hitting $7.27. 73,092 shares of the company were exchanged, compared to its average volume of 358,783. The stock has a market capitalization of $367.06 million, a price-to-earnings ratio of -1.57 and a beta of 1.94. MBIA, Inc. has a 52-week low of $3.28 and a 52-week high of $8.26. The company's 50 day moving average price is $6.37 and its 200-day moving average price is $5.22.

Analyst Ratings Changes

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

About MBIA

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.