Walleye Capital LLC Has $140,000 Position in MBIA, Inc. $MBI

Key Points

• Walleye Capital LLC significantly reduced its holdings in MBIA, Inc. by selling 94,273 shares, now owning only 28,135 shares after this transaction.
• Several institutional investors, including Nuveen LLC and Freestone Capital Holdings LLC, increased their stakes in MBIA during the first quarter, reflecting growing interest in the company.
• MBIA shares recently received a ratings upgrade from sell to hold by Wall Street Zen, with a consensus price target of $8.00 amid a current trading price of $7.48.

Walleye Capital LLC lowered its stake in MBIA, Inc. (NYSE:MBI - Free Report) by 77.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,135 shares of the insurance provider's stock after selling 94,273 shares during the quarter. Walleye Capital LLC owned approximately 0.06% of MBIA worth $140,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MBI. Kahn Brothers Group Inc. purchased a new position in MBIA during the 4th quarter valued at about $68,000. ProShare Advisors LLC purchased a new position in MBIA during the 4th quarter valued at about $81,000. Dupree Financial Group LLC purchased a new position in MBIA during the 1st quarter valued at about $124,000. XTX Topco Ltd grew its stake in MBIA by 25.5% during the 1st quarter. XTX Topco Ltd now owns 29,528 shares of the insurance provider's stock valued at $147,000 after acquiring an additional 6,001 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in MBIA by 225.8% during the 4th quarter. MetLife Investment Management LLC now owns 27,260 shares of the insurance provider's stock valued at $176,000 after acquiring an additional 18,893 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company's stock.

MBIA Price Performance

NYSE:MBI traded up $0.26 during mid-day trading on Thursday, reaching $7.66. The stock had a trading volume of 207,242 shares, compared to its average volume of 461,248. The business's 50 day moving average is $6.14 and its 200 day moving average is $5.21. MBIA, Inc. has a fifty-two week low of $3.28 and a fifty-two week high of $8.26. The stock has a market cap of $386.75 million, a P/E ratio of -1.65 and a beta of 1.94.

Wall Street Analyst Weigh In

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