Valueworks LLC Boosts Stock Position in MBIA, Inc. $MBI

Valueworks LLC grew its stake in MBIA, Inc. (NYSE:MBI) by 1.0% during the first quarter, Holdings Channel reports. The firm owned 2,205,805 shares of the insurance provider’s stock after purchasing an additional 22,910 shares during the period. MBIA makes up approximately 4.1% of Valueworks LLC’s portfolio, making the stock its 9th largest position. Valueworks LLC’s holdings in MBIA were worth $10,985,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of MBIA by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 999,713 shares of the insurance provider’s stock valued at $6,459,000 after purchasing an additional 19,263 shares in the last quarter. TCW Group Inc. lifted its holdings in shares of MBIA by 12.7% in the first quarter. TCW Group Inc. now owns 796,560 shares of the insurance provider’s stock valued at $3,967,000 after purchasing an additional 90,000 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of MBIA by 1.4% in the fourth quarter. Northern Trust Corp now owns 428,190 shares of the insurance provider’s stock valued at $2,766,000 after purchasing an additional 5,860 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of MBIA by 49.0% in the fourth quarter. Two Sigma Investments LP now owns 380,182 shares of the insurance provider’s stock valued at $2,456,000 after purchasing an additional 125,039 shares in the last quarter. Finally, Freestone Capital Holdings LLC lifted its holdings in shares of MBIA by 60.6% in the first quarter. Freestone Capital Holdings LLC now owns 288,129 shares of the insurance provider’s stock valued at $1,435,000 after purchasing an additional 108,776 shares in the last quarter. Institutional investors own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

MBI has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price target on MBIA from $9.00 to $8.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Wall Street Zen raised MBIA from a “sell” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $8.00.

MBIA Trading Up 2.8%

MBI stock opened at $7.6570 on Friday. The stock’s fifty day simple moving average is $5.16 and its two-hundred day simple moving average is $5.14. MBIA, Inc. has a 1-year low of $3.22 and a 1-year high of $7.71. The stock has a market cap of $386.60 million, a P/E ratio of -1.65 and a beta of 1.85.

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.