MBIA (NYSE:MBI) Raised to Hold at Wall Street Zen

MBIA (NYSE:MBI) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of MBIA in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, MBIA has a consensus rating of “Hold” and a consensus price target of $8.00.

MBIA Stock Up 0.7%

Shares of MBI stock opened at $7.54 on Friday. MBIA has a fifty-two week low of $3.86 and a fifty-two week high of $8.26. The stock has a market cap of $380.88 million, a P/E ratio of -1.62 and a beta of 1.82. The business has a fifty day simple moving average of $7.24 and a 200-day simple moving average of $5.85.

MBIA (NYSE:MBI) last released its quarterly earnings data on Tuesday, November 4th. The insurance provider reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.12). The company had revenue of $7.00 million for the quarter, compared to analyst estimates of $21.00 million. On average, sell-side analysts anticipate that MBIA will post -3.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Rhumbline Advisers grew its holdings in MBIA by 5.5% in the second quarter. Rhumbline Advisers now owns 69,789 shares of the insurance provider’s stock valued at $303,000 after purchasing an additional 3,626 shares during the period. AlphaQuest LLC acquired a new position in shares of MBIA in the 3rd quarter valued at $29,000. XTX Topco Ltd grew its stake in shares of MBIA by 25.5% during the 1st quarter. XTX Topco Ltd now owns 29,528 shares of the insurance provider’s stock valued at $147,000 after buying an additional 6,001 shares during the period. Militia Capital Partners LP increased its holdings in shares of MBIA by 18.8% during the 2nd quarter. Militia Capital Partners LP now owns 39,800 shares of the insurance provider’s stock worth $173,000 after buying an additional 6,300 shares during the last quarter. Finally, Inscription Capital LLC acquired a new stake in shares of MBIA during the 3rd quarter worth $78,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

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.