Trexquant Investment LP Increases Stake in MBIA, Inc. $MBI

Key Points

• Trexquant Investment LP has increased its stake in MBIA, Inc. by 40.1% during the first quarter, now owning about 0.30% of the company valued at $764,000.
• Multiple institutional investors, including Kahn Brothers Group and ProShare Advisors, have recently acquired positions in MBIA, increasing their market influence, with hedge funds owning 60.95% of the company's stock.
• MBIA shares received an upgrade from "sell" to "hold" by Wall Street Zen, with a consensus rating of "Buy" and an average target price of $8.00.

Trexquant Investment LP lifted its stake in shares of MBIA, Inc. (NYSE:MBI - Free Report) by 40.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 153,489 shares of the insurance provider's stock after buying an additional 43,947 shares during the quarter. Trexquant Investment LP owned about 0.30% of MBIA worth $764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of MBI. Kahn Brothers Group Inc. purchased a new position in shares of MBIA during the fourth quarter valued at about $68,000. ProShare Advisors LLC purchased a new position in shares of MBIA during the fourth quarter valued at about $81,000. Dupree Financial Group LLC purchased a new position in shares of MBIA during the first quarter valued at about $124,000. XTX Topco Ltd increased its position in shares of MBIA by 25.5% during the first quarter. XTX Topco Ltd now owns 29,528 shares of the insurance provider's stock valued at $147,000 after buying an additional 6,001 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in MBIA in the first quarter worth about $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 analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $8.00.

MBIA Stock Performance

Shares of MBI opened at $7.48 on Monday. The stock has a market cap of $377.46 million, a PE ratio of -1.61 and a beta of 1.94. MBIA, Inc. has a fifty-two week low of $3.22 and a fifty-two week high of $8.26. The firm's 50-day simple moving average is $5.88 and its two-hundred day simple moving average is $5.17.

MBIA Company 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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