Walleye Trading LLC Trims Holdings in MBIA Inc. (NYSE:MBI)

Walleye Trading LLC trimmed its position in MBIA Inc. (NYSE:MBIGet Rating) by 65.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,957 shares of the insurance provider’s stock after selling 26,797 shares during the quarter. Walleye Trading LLC’s holdings in MBIA were worth $172,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MBI. GoalVest Advisory LLC purchased a new stake in MBIA in the 1st quarter worth approximately $77,000. Guyasuta Investment Advisors Inc. increased its holdings in MBIA by 17.6% in the 1st quarter. Guyasuta Investment Advisors Inc. now owns 46,525 shares of the insurance provider’s stock worth $716,000 after acquiring an additional 6,970 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in MBIA by 12.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 138,326 shares of the insurance provider’s stock worth $2,129,000 after acquiring an additional 15,635 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings in MBIA by 9.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 19,080 shares of the insurance provider’s stock worth $293,000 after acquiring an additional 1,714 shares in the last quarter. Finally, Swiss National Bank increased its holdings in MBIA by 8.1% in the 1st quarter. Swiss National Bank now owns 115,700 shares of the insurance provider’s stock worth $1,781,000 after acquiring an additional 8,700 shares in the last quarter. 65.68% of the stock is owned by hedge funds and other institutional investors.

MBIA Price Performance

Shares of MBI opened at $11.65 on Friday. MBIA Inc. has a 1 year low of $8.91 and a 1 year high of $17.90. The company has a 50 day simple moving average of $10.61 and a two-hundred day simple moving average of $11.94. The firm has a market cap of $639.50 million, a P/E ratio of -1.94 and a beta of 1.23.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of MBIA in a report on Wednesday, October 12th. They set a “hold” rating for the company.

About MBIA

(Get Rating)

MBIA Inc provides financial guarantee insurance services to public finance markets. It operates through 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.

Recommended Stories

Institutional Ownership by Quarter for MBIA (NYSE:MBI)

Receive News & Ratings for MBIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MBIA and related companies with MarketBeat.com's FREE daily email newsletter.