2,118,014 Shares in MBIA, Inc. $MBI Bought by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP acquired a new position in MBIA, Inc. (NYSE:MBI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,118,014 shares of the insurance provider’s stock, valued at approximately $13,809,451. MBIA accounts for approximately 0.0% of Wolf Hill Capital Management LP’s investment portfolio, making the stock its 19th biggest position. Wolf Hill Capital Management LP owned approximately 4.16% of MBIA as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MBI. Quarry LP bought a new position in MBIA during the 3rd quarter worth $37,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of MBIA in the 3rd quarter worth approximately $77,000. AQR Capital Management LLC purchased a new stake in shares of MBIA in the 4th quarter worth $83,000. Mercer Global Advisors Inc. ADV bought a new stake in MBIA in the fourth quarter worth $113,000. Finally, Engineers Gate Manager LP purchased a new position in shares of MBIA during the fourth quarter worth approximately $137,000. Institutional investors own 60.95% of the company’s stock.

MBIA Price Performance

Shares of MBI traded up $0.06 during midday trading on Friday, hitting $4.86. 190,025 shares of the company traded hands, compared to its average volume of 385,165. The firm has a market cap of $247.52 million, a P/E ratio of -1.68 and a beta of 1.62. MBIA, Inc. has a one year low of $4.72 and a one year high of $8.17. The stock has a 50-day moving average of $5.76 and a 200-day moving average of $5.95.

MBIA (NYSE:MBI) last issued its quarterly earnings data on Thursday, August 6th. The insurance provider reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The firm had revenue of $27.00 million for the quarter, compared to analysts’ expectations of $5.75 million. Sell-side analysts forecast that MBIA, Inc. will post -0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MBI. Weiss Ratings reiterated a “sell (d-)” rating on shares of MBIA in a report on Friday, July 17th. Keefe, Bruyette & Woods dropped their price objective on shares of MBIA from $7.50 to $7.00 and set an “outperform” rating on the stock in a report on Thursday, August 13th. Finally, Wall Street Zen raised shares of MBIA from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $7.00.

MBIA Company Profile

MBIA Inc is a financial guarantee insurance company specializing in credit enhancement and risk mitigation solutions for public finance and structured finance transactions. The company provides guaranty insurance for municipal bonds, asset-backed securities and other credit-sensitive obligations, protecting investors against the risk of payment default. Through its core insurance subsidiary, MBIA Insurance Corp., the firm offers financial guarantees, reinsurance support and customized credit solutions designed to improve the marketability and pricing of debt instruments.

Founded in 1973 as the Municipal Bond Insurance Association, MBIA built its reputation by insuring U.S.