MBIA (NYSE:MBI) Shares Cross Above 50-Day Moving Average - Should You Sell?

MBIA Inc. (NYSE:MBI - Get Free Report) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.66 and traded as high as $3.94. MBIA shares last traded at $3.84, with a volume of 184,475 shares trading hands.

Wall Street Analyst Weigh In

Separately, Roth Mkm cut their price objective on shares of MBIA from $7.00 to $4.50 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th.

MBIA Stock Up 1.3 %

The stock has a market cap of $198.50 million, a P/E ratio of -0.38 and a beta of 1.43. The firm's 50-day moving average is $3.66 and its two-hundred day moving average is $4.75.

MBIA (NYSE:MBI - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The insurance provider reported ($2.90) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($2.75). The firm had revenue of ($37.00) million for the quarter, compared to the consensus estimate of $29.00 million. During the same quarter last year, the company posted ($0.45) earnings per share. Analysts anticipate that MBIA Inc. will post -3.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MBIA

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its stake in shares of MBIA by 18.7% in the third quarter. SG Americas Securities LLC now owns 74,919 shares of the insurance provider's stock worth $267,000 after acquiring an additional 11,811 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of MBIA in the second quarter worth $83,000. Susquehanna Fundamental Investments LLC grew its stake in shares of MBIA by 184.3% in the second quarter. Susquehanna Fundamental Investments LLC now owns 119,535 shares of the insurance provider's stock worth $656,000 after acquiring an additional 77,494 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of MBIA in the second quarter worth $414,000. Finally, Squarepoint Ops LLC grew its stake in shares of MBIA by 140.8% in the second quarter. Squarepoint Ops LLC now owns 92,186 shares of the insurance provider's stock worth $506,000 after acquiring an additional 53,910 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.

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.