MBIA (MBI) Sees Large Volume Increase

MBIA (NYSE:MBI) saw unusually-high trading volume on Thursday . Approximately 6,743,891 shares traded hands during trading, an increase of 314% from the previous session’s volume of 1,630,878 shares.The stock last traded at $10.85 and had previously closed at $9.60.

MBI has been the topic of several research reports. ValuEngine lowered shares of MBIA from a “buy” rating to a “hold” rating in a report on Saturday, April 7th. Keefe, Bruyette & Woods initiated coverage on shares of MBIA in a report on Monday, February 5th. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $14.50.

The company has a debt-to-equity ratio of 3.63, a current ratio of 1.90 and a quick ratio of 1.90.



MBIA (NYSE:MBI) last released its quarterly earnings results on Thursday, March 1st. The insurance provider reported ($1.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($1.61). MBIA had a negative return on equity of 19.69% and a negative net margin of 370.67%. The firm had revenue of $251.00 million during the quarter, compared to analysts’ expectations of $76.19 million. During the same period in the prior year, the firm posted ($0.05) earnings per share. MBIA’s revenue for the quarter was down 525.4% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MBI. Fine Capital Partners L.P. grew its holdings in MBIA by 27.0% in the fourth quarter. Fine Capital Partners L.P. now owns 11,086,830 shares of the insurance provider’s stock worth $81,156,000 after purchasing an additional 2,360,398 shares during the last quarter. Discovery Capital Management LLC CT grew its holdings in MBIA by 79.8% in the fourth quarter. Discovery Capital Management LLC CT now owns 3,165,250 shares of the insurance provider’s stock worth $23,170,000 after purchasing an additional 1,404,550 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in MBIA by 20.2% in the fourth quarter. OppenheimerFunds Inc. now owns 6,298,113 shares of the insurance provider’s stock worth $46,102,000 after purchasing an additional 1,060,304 shares during the last quarter. Delek Group Ltd. purchased a new position in MBIA in the fourth quarter worth $5,599,000. Finally, X Square Capital LLC purchased a new position in MBIA in the fourth quarter worth $5,597,000.

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MBIA Company Profile

MBIA, Inc operates as holding company, which through its subsidiaries, provides financial guarantee insurance, as well as related reinsurance, advisory and portfolio services and asset management advisory services, for the public and structured finance markets. It operates through the following business segments: U.S.

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