MBIA (NYSE:MBI) Share Price Crosses Below 50 Day Moving Average - Time to Sell?

Key Points

• MBIA shares fell below their 50-day moving average, trading as low as $4.28 compared with the $4.77 average, and last changing hands at $4.425.
• Analyst sentiment is mixed: MBIA has a consensus “Hold” rating and a $7.00 price target, with one analyst rating the stock Buy and another Sell. Weiss Ratings reaffirmed a Sell rating, while Keefe, Bruyette & Woods maintained Outperform but lowered its target to $7.00.
• MBIA reported a quarterly loss of $0.14 per share, missing estimates by $0.02, and analysts expect a full-year loss of approximately $0.38 per share. Institutional investors own about 60.95% of the company.

MBIA, Inc. (NYSE:MBI - Get Free Report) shares crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $4.77 and traded as low as $4.28. MBIA shares last traded at $4.4250, with a volume of 672,687 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of MBIA in a research note on Friday, July 17th. Keefe, Bruyette & Woods decreased their price objective on MBIA from $7.50 to $7.00 and set an "outperform" rating for the company in a research note on Thursday, August 13th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $7.00.

MBIA Trading Down 1.0%

The firm has a market capitalization of $225.37 million, a P/E ratio of -1.53 and a beta of 1.76. The business has a 50 day moving average of $4.77 and a 200-day moving average of $5.61.

MBIA (NYSE:MBI - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The insurance provider reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.02). The business had revenue of $27.00 million for the quarter, compared to analysts' expectations of $5.75 million. On average, analysts anticipate that MBIA, Inc. will post -0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MBI. Sequoia Financial Advisors LLC bought a new stake in MBIA in the 2nd quarter valued at approximately $92,000. HighTower Advisors LLC raised its holdings in shares of MBIA by 50.0% in the second quarter. HighTower Advisors LLC now owns 69,397 shares of the insurance provider's stock valued at $452,000 after purchasing an additional 23,146 shares during the last quarter. Bluefin Capital Management LLC raised its holdings in shares of MBIA by 18.6% in the second quarter. Bluefin Capital Management LLC now owns 115,006 shares of the insurance provider's stock valued at $750,000 after purchasing an additional 18,000 shares during the last quarter. Valueworks LLC bought a new stake in shares of MBIA in the second quarter worth $12,826,000. Finally, Empowered Funds LLC bought a new stake in shares of MBIA in the second quarter worth $210,000. 60.95% of the stock is currently owned by institutional investors.

About MBIA

MBIA Inc is a financial services holding company that provides financial guarantee insurance through its subsidiaries. Financial guarantee insurance is designed to enhance the credit quality of bonds and other debt obligations by assuring timely payment of principal and interest if the original issuer fails to pay.

The company's insurance operations have historically focused on municipal finance, including bonds issued by states, cities, counties, public authorities and other governmental entities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.