Whitebox Advisors LLC Sells 500,000 Shares of MBIA Inc. (NYSE:MBI)

Whitebox Advisors LLC lessened its stake in MBIA Inc. (NYSE:MBI - Free Report) by 59.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 344,431 shares of the insurance provider's stock after selling 500,000 shares during the quarter. Whitebox Advisors LLC owned 0.67% of MBIA worth $2,225,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Aquatic Capital Management LLC acquired a new stake in MBIA during the fourth quarter worth approximately $50,000. Nebula Research & Development LLC bought a new stake in MBIA during the 4th quarter worth approximately $77,000. XTX Topco Ltd bought a new stake in shares of MBIA in the fourth quarter worth $152,000. MetLife Investment Management LLC raised its position in shares of MBIA by 225.8% during the fourth quarter. MetLife Investment Management LLC now owns 27,260 shares of the insurance provider's stock worth $176,000 after acquiring an additional 18,893 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of MBIA by 7.0% in the 4th quarter. HighTower Advisors LLC now owns 30,597 shares of the insurance provider's stock worth $198,000 after purchasing an additional 2,000 shares during the period. 60.95% of the stock is owned by institutional investors.

MBIA Trading Down 2.6 %

Shares of MBI traded down $0.13 on Monday, reaching $4.71. 155,400 shares of the company's stock traded hands, compared to its average volume of 448,860. The stock's 50 day simple moving average is $4.94 and its two-hundred day simple moving average is $5.66. The stock has a market cap of $237.00 million, a PE ratio of -0.42 and a beta of 1.88. MBIA Inc. has a 52-week low of $3.22 and a 52-week high of $7.46.

MBIA (NYSE:MBI - Get Free Report) last released its earnings results on Thursday, February 27th. The insurance provider reported ($0.48) EPS for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.17). The firm had revenue of $29.00 million during the quarter, compared to the consensus estimate of $28.70 million. Analysts forecast that MBIA Inc. will post -3.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MBI. StockNews.com cut shares of MBIA from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods cut their price objective on shares of MBIA from $9.00 to $8.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th.

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.