Trexquant Investment LP Purchases 43,947 Shares of 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 grew its stake in shares of MBIA, Inc. (NYSE:MBI - Free Report) by 40.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,489 shares of the insurance provider's stock after acquiring an additional 43,947 shares during the period. Trexquant Investment LP owned 0.30% of MBIA worth $764,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MBI. PEAK6 LLC lifted its position in MBIA by 130.2% during the first quarter. PEAK6 LLC now owns 49,999 shares of the insurance provider's stock worth $249,000 after acquiring an additional 215,327 shares during the last quarter. Nuveen LLC acquired a new stake in shares of MBIA in the first quarter valued at approximately $731,000. Two Sigma Investments LP raised its position in shares of MBIA by 49.0% in the fourth quarter. Two Sigma Investments LP now owns 380,182 shares of the insurance provider's stock valued at $2,456,000 after buying an additional 125,039 shares in the last quarter. Freestone Capital Holdings LLC raised its position in shares of MBIA by 60.6% in the first quarter. Freestone Capital Holdings LLC now owns 288,129 shares of the insurance provider's stock valued at $1,435,000 after buying an additional 108,776 shares in the last quarter. Finally, TCW Group Inc. raised its position in shares of MBIA by 12.7% in the first quarter. TCW Group Inc. now owns 796,560 shares of the insurance provider's stock valued at $3,967,000 after buying an additional 90,000 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

MBIA Price Performance

NYSE:MBI traded up $0.12 during mid-day trading on Friday, reaching $7.77. The stock had a trading volume of 151,342 shares, compared to its average volume of 460,444. The stock has a 50-day simple moving average of $6.20 and a two-hundred day simple moving average of $5.21. The stock has a market capitalization of $392.36 million, a PE ratio of -1.67 and a beta of 1.94. MBIA, Inc. has a 12 month low of $3.28 and a 12 month 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.