MBIA, Inc. (NYSE:MBI - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.34 and traded as low as $4.31. MBIA shares last traded at $4.41, with a volume of 63,073 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods dropped their price target on shares of MBIA from $9.00 to $8.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th.
Check Out Our Latest Analysis on MBI
MBIA Price Performance
The firm has a market cap of $222.13 million, a P/E ratio of -0.50 and a beta of 1.84. The firm's 50-day moving average price is $4.46 and its 200 day moving average price is $5.34.
MBIA (NYSE:MBI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The insurance provider reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The business had revenue of $14.00 million during the quarter, compared to analysts' expectations of $21.00 million. During the same quarter in the prior year, the firm earned ($0.52) EPS. Analysts forecast that MBIA, Inc. will post -3.5 earnings per share for the current year.
Institutional Investors Weigh In On MBIA
Several institutional investors and hedge funds have recently made changes to their positions in the company. Aquatic Capital Management LLC acquired a new position in MBIA in the fourth quarter worth $50,000. Kahn Brothers Group Inc. bought a new position in shares of MBIA in the 4th quarter worth about $68,000. Nebula Research & Development LLC acquired a new position in shares of MBIA in the 4th quarter valued at about $77,000. ProShare Advisors LLC acquired a new position in shares of MBIA in the 4th quarter valued at about $81,000. Finally, AQR Capital Management LLC bought a new stake in shares of MBIA during the 1st quarter valued at about $120,000. 60.95% of the stock is owned by institutional investors and hedge funds.
About MBIA
(
Get Free Report)
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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