Wolf Hill Capital Management LP Has $18.34 Million Position in MBIA, Inc. $MBI

Wolf Hill Capital Management LP increased its position in MBIA, Inc. (NYSE:MBI) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,560,708 shares of the insurance provider’s stock after buying an additional 110,544 shares during the period. MBIA accounts for 2.0% of Wolf Hill Capital Management LP’s portfolio, making the stock its 13th largest holding. Wolf Hill Capital Management LP owned 5.07% of MBIA worth $18,335,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Kahn Brothers Group Inc. acquired a new position in MBIA in the third quarter worth approximately $7,672,000. Jane Street Group LLC increased its holdings in MBIA by 463.0% in the first quarter. Jane Street Group LLC now owns 54,086 shares of the insurance provider’s stock worth $269,000 after buying an additional 68,986 shares during the last quarter. Marshall Wace LLP acquired a new position in MBIA in the fourth quarter worth approximately $227,000. PharVision Advisers LLC acquired a new position in MBIA in the third quarter worth approximately $214,000. Finally, State of Wyoming increased its holdings in MBIA by 240.0% in the fourth quarter. State of Wyoming now owns 27,425 shares of the insurance provider’s stock worth $196,000 after buying an additional 19,360 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

MBIA Stock Up 0.2%

Shares of MBIA stock opened at $6.19 on Monday. The stock has a market capitalization of $315.00 million, a P/E ratio of -2.00 and a beta of 1.64. The stock has a 50 day moving average price of $5.99 and a two-hundred day moving average price of $6.44. MBIA, Inc. has a 12-month low of $4.11 and a 12-month high of $8.26.

MBIA (NYSE:MBI) last announced its earnings results on Thursday, May 7th. The insurance provider reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The business had revenue of $24.00 million during the quarter, compared to analysts’ expectations of $5.80 million. Sell-side analysts anticipate that MBIA, Inc. will post -0.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on MBI. Wall Street Zen upgraded MBIA from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Keefe, Bruyette & Woods decreased their target price on MBIA from $8.50 to $7.50 and set an “outperform” rating for the company in a research report on Thursday, March 19th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MBIA in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $7.50.

About MBIA

MBIA Inc is a financial guarantee insurance company specializing in credit enhancement and risk mitigation solutions for public finance and structured finance transactions. The company provides guaranty insurance for municipal bonds, asset-backed securities and other credit-sensitive obligations, protecting investors against the risk of payment default. Through its core insurance subsidiary, MBIA Insurance Corp., the firm offers financial guarantees, reinsurance support and customized credit solutions designed to improve the marketability and pricing of debt instruments.

Founded in 1973 as the Municipal Bond Insurance Association, MBIA built its reputation by insuring U.S.