MBIA Inc (NYSE:MBI).
Hosking Partners Llp reports that it bought 24,425 shares in quarter ending 09/30/2017 increasing its holdings in MBIA Inc by 0.4%. Its stake was worth $51,283,000 a decrease of 7.4% according to the filing.
Here are a few institutional investors who have updated their positions. As of the end of the quarter Ubs Asset Management Americas Inc had acquired a total of 1,005 shares growing its position 1,358.1%. The value of the investment in MBIA Inc increased from $698,000 to $9,387,000 a change of 1,244.8% since the last quarter. Oppenheimerfunds, Inc. added to its position by buying 24,425 shares an increase of 0.4% in the quarter. Oppenheimerfunds, Inc. controls 5,237,809 shares with a value of $45,569,000. The total value of its holdings decreased 0.6%.
Hosking Partners Llp bolstered its holdings by buying 24,425 shares an increase of 0.4%. Hosking Partners Llp owns 5,894,581 shares valued at $51,283,000. The value of the position overall is down by 7.4%. As of quarter end Hosking Partners Llp had bought 376,556 shares growing its holdings by 7.7%. The value of the company’s investment in MBIA Inc went from $55,356,000 to $51,283,000 a change of $4,073,000 quarter over quarter.
As of quarter end Dimensional Fund Advisors Lp had disposed of a total of 540,354 shares trimming its stake by 4.7%. The value in dollars went from $107,983,000 to $94,925,000 decreasing 12.1% for the reporting period.
On October 5, 2017 MKM Partners maintained a “Buy” rating on the company. On September 6 BTIG Research maintained a company rating of “Buy” targeting a price of $14.00.
August 11 investment analysts at MKM Partners made no change to the stock rating of “Buy” projecting a price of $15.00.
The company is now down from yesterday’s close of 9.26. MBIA Inc currently has a P/E ratio of N/A and the market cap of the company is 1.13B. In the last earnings report the EPS was $-14.51 with 123.11M shares outstanding.
Traders are feeling more bearish on shares of the company lately considering the change in short interest. The stock saw a rise in short interest of 80.70% as of October 13, 2017 from the last reporting period. Short interest grew 13,667,231 over that timeframe. With short interest at 30,603,091 and short average daily volume at 7,576,984, the short-interest ratio is 4.0 and the percentage of shorted shares is 0.25% as of October 13.