MBIA Inc. (MBI) stock exposed a turn of 1.80% in most recent week and accomplished 6.58% performance over the last one month. Trexquant Investment LP acquired a new stake in MBIA during the first quarter worth $125,000. The institutional investor owned 565,704 shares of the insurance provider's stock after selling 10,036,937 shares during the period.
Alliancebernstein L.P. bolstered its stake by buying 4,700 shares an increase of 2.1% as of 06/30/2017.
The company surged 1.76% and closed its last trading session at $10.2. Princeton Alpha Management LP bought a new stake in MBIA during the first quarter worth $135,000. Parametric Portfolio Associates LLC now owns 714,510 shares of the insurance provider's stock valued at $6,052,000 after buying an additional 139,455 shares during the period. Moreover, Tortoise Capital Advisors L.L.C. has 4.47% invested in the company for 9.08 million shares. Institutional investors own 89.52% of the company's stock. Envestnet Asset Management Inc. boosted its position in MBIA by 0.8% in the first quarter.
MBIA Inc. (NYSE:MBI) price is pointing towards neither exit nor entry barriers, according to a technical analysis tool called the Relative Strength Index (RSI). Another trade for 2,000 shares valued at $16,240 was made by Curry Keith D. on Wednesday, March 22.
MBIA Inc. (MBI)'s distance from 200 day simple moving average is 7.77 percent, its distance from 50 day simple moving average is 8.5 percent, while its distance from 20 day simple moving average is 0.24 percent.
(NYSE:MBI). Morgan Stanley holds 0% of its portfolio in MBIA Inc. The company's market cap is $1.29 billion.
Previously MBIA Inc (NYSE:MBI) reported $-1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $-1.41 by $0.3. The consensus mean EPS for the current quarter is at $0.05 derived from a total of 3 estimates from the analysts who have weighed in on projected earnings. The Company, through its subsidiaries, is involved in the financial guarantee insurance businesses in the industry. During the same quarter a year ago, the firm posted $0.12 EPS.
While considering growth estimates of the company, it has next quarter growth estimates of 200% whereas during current quarter it has 25% estimations over growth, comparing to the estimations of -539.1% during current year and 123.8% for next year.
Wall Street analysts are predicting that MBIA Inc (NYSE:MBI) will report earnings per share of $0.07 in their quarterly report.
MBIA disclosed that its Board of Directors has approved a shares repurchase plan on early Tue, Jun 27th that permits The corporation to buyback $250.00 M in outstanding Stocks. Following the completion of the purchase, the director now directly owns 132,073 shares in the company, valued at approximately $1,183,374.08.
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Over the last 5 years, MBIA Inc. has averaged a 17.60% YoY EPS growth rate. (NYSE:MBI) has "Buy" rating given on Wednesday, July 12 by BTIG Research. BidaskClub raised MBIA from a "strong sell" rating to a "sell" rating in a research report on Thursday, June 29th. MKM Partners reiterated a "buy" rating and issued a $15.00 price objective on shares of MBIA in a research report on Friday.
In other MBIA news, Director Steven J. Gilbert purchased 50,000 shares of MBIA stock in a transaction on Monday, June 19th. The stock was bought at an average price of $8.86 per share, with a total value of $771,112.38. As of quarter end Norges Bank had sold a total of 218,584 shares trimming its holdings by 21.9%. Following the transaction, the director now owns 212,592 shares in the company, valued at $1,966,476. The disclosure for this purchase can be found here. Trend analysis is based on historical data about the stock's performance given the overall trends of the market and particular indicators within the market.