Sanctuary Advisors LLC Purchases Shares of 15,106 MBIA Inc. (NYSE:MBI)

Sanctuary Advisors LLC 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. The institutional investor acquired 15,106 shares of the insurance provider’s stock, valued at approximately $83,000.

Other institutional investors have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC lifted its position in MBIA by 184.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 119,535 shares of the insurance provider’s stock worth $656,000 after buying an additional 77,494 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of MBIA in the 2nd quarter worth approximately $414,000. Squarepoint Ops LLC boosted its stake in shares of MBIA by 140.8% in the 2nd quarter. Squarepoint Ops LLC now owns 92,186 shares of the insurance provider’s stock valued at $506,000 after purchasing an additional 53,910 shares in the last quarter. Whitebox Advisors LLC grew its holdings in shares of MBIA by 86.8% during the 2nd quarter. Whitebox Advisors LLC now owns 794,431 shares of the insurance provider’s stock valued at $4,361,000 after purchasing an additional 369,255 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in MBIA by 427.9% in the 2nd quarter. Renaissance Technologies LLC now owns 119,174 shares of the insurance provider’s stock worth $654,000 after purchasing an additional 96,600 shares during the period. 60.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Roth Mkm cut their price target on shares of MBIA from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Wednesday, August 7th.

MBIA Stock Down 2.3 %

Shares of MBI opened at $3.84 on Tuesday. MBIA Inc. has a 52 week low of $3.22 and a 52 week high of $14.37. The business’s 50 day moving average price is $3.65 and its 200-day moving average price is $4.88. The stock has a market cap of $196.90 million, a P/E ratio of -0.38 and a beta of 1.43.

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

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.