2,880,522 Shares in MBIA Inc. (NYSE:MBI) Bought by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP purchased a new position in MBIA Inc. (NYSE:MBI - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,880,522 shares of the insurance provider's stock, valued at approximately $18,608,000. MBIA makes up 1.3% of Wolf Hill Capital Management LP's portfolio, making the stock its 19th biggest holding. Wolf Hill Capital Management LP owned about 5.64% of MBIA as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in MBIA during the fourth quarter valued at about $152,000. MetLife Investment Management LLC lifted its stake in MBIA by 225.8% during the fourth quarter. MetLife Investment Management LLC now owns 27,260 shares of the insurance provider's stock valued at $176,000 after buying an additional 18,893 shares in the last quarter. HighTower Advisors LLC lifted its stake in MBIA by 7.0% during the fourth quarter. HighTower Advisors LLC now owns 30,597 shares of the insurance provider's stock valued at $198,000 after buying an additional 2,000 shares in the last quarter. Invesco Ltd. lifted its stake in MBIA by 7.4% during the fourth quarter. Invesco Ltd. now owns 37,857 shares of the insurance provider's stock valued at $245,000 after buying an additional 2,613 shares in the last quarter. Finally, Barclays PLC lifted its stake in MBIA by 279.1% during the third quarter. Barclays PLC now owns 58,406 shares of the insurance provider's stock valued at $209,000 after buying an additional 42,998 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of MBIA from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th.

MBIA Stock Performance

Shares of NYSE MBI traded up $0.09 during mid-day trading on Friday, reaching $4.76. The company had a trading volume of 314,658 shares, compared to its average volume of 450,459. The stock has a fifty day moving average of $5.17 and a two-hundred day moving average of $5.62. The company has a market capitalization of $239.77 million, a price-to-earnings ratio of -0.42 and a beta of 1.80. MBIA Inc. has a 12-month low of $3.22 and a 12-month high of $7.46.

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

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.