Millennium Management LLC Has $308,000 Position in MBIA Inc. (NYSE:MBI)

Millennium Management LLC lessened its stake in shares of MBIA Inc. (NYSE:MBI - Free Report) by 91.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,704 shares of the insurance provider's stock after selling 498,240 shares during the period. Millennium Management LLC owned about 0.09% of MBIA worth $308,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MBI. Wolf Hill Capital Management LP bought a new stake in shares of MBIA during the 4th quarter worth approximately $18,608,000. TCW Group Inc. raised its position in MBIA by 53.3% during the fourth quarter. TCW Group Inc. now owns 706,560 shares of the insurance provider's stock worth $4,564,000 after acquiring an additional 245,760 shares in the last quarter. Freestone Capital Holdings LLC bought a new stake in MBIA during the fourth quarter worth $1,159,000. Susquehanna Fundamental Investments LLC acquired a new stake in MBIA in the fourth quarter valued at $1,058,000. Finally, Trexquant Investment LP grew its position in shares of MBIA by 557.9% in the 4th quarter. Trexquant Investment LP now owns 109,542 shares of the insurance provider's stock valued at $708,000 after acquiring an additional 92,892 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods dropped their target price on shares of MBIA from $9.00 to $8.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th.

MBIA Stock Up 2.3%

Shares of MBI stock traded up $0.10 during trading on Thursday, reaching $4.40. 26,769 shares of the company's stock were exchanged, compared to its average volume of 438,659. MBIA Inc. has a twelve month low of $3.22 and a twelve month high of $7.46. The firm's fifty day moving average price is $4.44 and its 200-day moving average price is $5.60. The stock has a market capitalization of $221.63 million, a PE ratio of -0.39 and a beta of 1.87.

MBIA (NYSE:MBI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The insurance provider reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The business had revenue of $14.00 million for the quarter, compared to analysts' expectations of $21.00 million. During the same quarter in the prior year, the company posted ($0.52) EPS. As a group, analysts anticipate that MBIA Inc. will post -3.5 EPS for the current fiscal year.

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.