WINTON GROUP Ltd Cuts Stock Holdings in MBIA Inc. (NYSE:MBI)

WINTON GROUP Ltd decreased its holdings in shares of MBIA Inc. (NYSE:MBI) by 88.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 28,607 shares of the insurance provider’s stock after selling 217,991 shares during the period. WINTON GROUP Ltd owned 0.06% of MBIA worth $157,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Kahn Brothers Group Inc. increased its position in MBIA by 7.2% during the 1st quarter. Kahn Brothers Group Inc. now owns 5,176,613 shares of the insurance provider’s stock valued at $34,993,000 after purchasing an additional 347,007 shares during the period. Vanguard Group Inc. grew its position in shares of MBIA by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 2,387,073 shares of the insurance provider’s stock worth $16,137,000 after buying an additional 39,767 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of MBIA by 9.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 430,963 shares of the insurance provider’s stock worth $2,366,000 after buying an additional 36,691 shares during the last quarter. Whitebox Advisors LLC grew its position in shares of MBIA by 54.5% in the 1st quarter. Whitebox Advisors LLC now owns 425,176 shares of the insurance provider’s stock worth $2,874,000 after buying an additional 150,000 shares during the last quarter. Finally, TCW Group Inc. purchased a new position in shares of MBIA in the 2nd quarter worth approximately $1,435,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

MBIA Stock Up 0.8 %

MBI stock opened at $3.64 on Thursday. The firm has a 50 day moving average of $4.07 and a 200 day moving average of $5.36. The stock has a market capitalization of $186.65 million, a PE ratio of -0.36 and a beta of 1.44. MBIA Inc. has a 52 week low of $3.22 and a 52 week high of $14.37.

MBIA (NYSE:MBI) last released its earnings results on Tuesday, August 6th. The insurance provider reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($2.75). The company had revenue of ($37.00) million for the quarter, compared to the consensus estimate of $29.00 million. During the same period in the previous year, the business earned ($0.45) EPS. On average, equities research analysts expect that MBIA Inc. will post -3.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MBI shares. Roth Mkm cut their price objective on shares of MBIA from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods cut their price objective on shares of MBIA from $7.50 to $6.50 and set a “market perform” rating on the stock in a research report on Friday, May 31st.

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.