Published: Sat, August 12, 2017
Business | By Max Garcia

MBIA, Inc. (NYSE:MBI) Rating Reiterated by BTIG Research

MBIA, Inc. (NYSE:MBI) Rating Reiterated by BTIG Research

Geode Capital Management LLC raised its position in shares of MBIA, Inc. Losses, adjusted for non-recurring costs, were $1.09 per share. Institutional investors maintain the ownership of 91.20% shares and 2.30% shares have in possession of insiders investors. Executives own 4.11% of the firms stock. The value of the position overall is up by 13.7%.

Consequently MBIA Inc (NYSE:MBI)'s weekly and monthly volatility is 2.13%, 2.63% respectively. NY increased its position in shares of MBIA by 1.8% in the first quarter. Princeton Alpha Management LP bought a new stake in MBIA during the first quarter worth $135,000. Investor Conference Call to Discuss Second Quarter 2017 Financial ..." published on August 03, 2017 as well as Businesswire.com's news article titled: "MBIA Inc.

MBIA Inc (NYSE:MBI)'s trailing twelve month revenues are $345 Million, whereas its price to sales ratio for the same period is 3.89.

On the other hand MBIA Inc (NYSE:MBI) has Relative Strength Index (RSI 14) of 41.47 along with Average True Range (ATR 14) of 0.25.

MBIA Inc (NYSE:MBI) shares traded on -2.32% down secure line and closed at $9.67. The 50 day moving average moved up $0.52 and the 200 day average went up $1.11 or +11.93%. Investors measure stock performance on the basis of a company's earnings power. This change led market cap to move at $1.34B, putting the price -12.45% below the 52-week high and 42.76% above the 52-week low.

In the latest earnings report the EPS was $-2.52 and is estimated to be $-1.18 for the current year with 129,428,000 shares outstanding. The insurance provider reported ($1.09) earnings per share for the quarter, missing the consensus estimate of $0.01 by $1.10. The company had revenue of $72 million during the quarter, compared to analysts' expectations of $87.85 million. The company achieved year to date performance of -4.67% and disseminated yield of -0.87% for the past six months.

MBIA Inc. (NYSE:MBI) has been trading in a bullish manner, based on the relative positions of the stock's 20 and 200 day moving averages. This buyback authorization allows the insurance provider to repurchase up to 21.7% of its stock through open market purchases. Ellington Mgmt Grp Inc Ltd Liability Co has invested 0.04% of its portfolio in MBIA Inc. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States & worldwide copyright law. The original version of this article can be viewed at https://www.chaffeybreeze.com/2017/08/12/mbia-inc-nysembi-given-buy-rating-at-btig-research-updated-updated-updated.html.

Several brokerages have recently weighed in on MBI. BTIG Research reaffirmed a "buy" rating and set a $14.00 price objective on shares of MBIA in a research report on Tuesday, June 27th. MBIA Inc had 6 analyst reports since August 7, 2015 according to SRatingsIntel.

In other MBIA news, Director Steven J. Gilbert acquired 50,000 shares of MBIA stock in a transaction that occurred on Monday, June 19th. On the bright side, the company's share price has been on the rebound, up more than 96.08% since hitting lows of $7.14 on November 04, 2016. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

In other MBIA news, Director Charles R. Rinehart purchased 40,000 shares of the company's stock in a transaction on Wednesday, June 28th. Following the completion of the acquisition, the director now directly owns 132,073 shares of the company's stock, valued at $1,183,374.08. The disclosure for this purchase can be found here. Insiders bought a total of 177,033 shares of company stock valued at $1,589,112 in the last three months.

(NYSE:MBI). Morgan Stanley holds 0% of its portfolio in MBIA Inc.

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