Wolf Hill Capital Management LP Makes New $18.61 Million Investment in MBIA Inc. (NYSE:MBI)

Wolf Hill Capital Management LP acquired a new stake in shares of MBIA Inc. (NYSE:MBI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,880,522 shares of the insurance provider's stock, valued at approximately $18,608,000. MBIA accounts for about 1.3% of Wolf Hill Capital Management LP's investment portfolio, making the stock its 19th biggest holding. Wolf Hill Capital Management LP owned approximately 5.64% of MBIA at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new stake in MBIA in the fourth quarter valued at $152,000. MetLife Investment Management LLC boosted its stake in MBIA by 225.8% during the 4th quarter. MetLife Investment Management LLC now owns 27,260 shares of the insurance provider's stock valued at $176,000 after purchasing an additional 18,893 shares during the period. HighTower Advisors LLC grew its position in MBIA by 7.0% in the 4th quarter. HighTower Advisors LLC now owns 30,597 shares of the insurance provider's stock worth $198,000 after purchasing an additional 2,000 shares during the last quarter. Invesco Ltd. grew its position in MBIA by 7.4% in the 4th quarter. Invesco Ltd. now owns 37,857 shares of the insurance provider's stock worth $245,000 after purchasing an additional 2,613 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of MBIA by 279.1% in the third quarter. Barclays PLC now owns 58,406 shares of the insurance provider's stock valued at $209,000 after purchasing an additional 42,998 shares during the period. 60.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered MBIA from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th.

MBIA Trading Up 1.9 %

MBI stock traded up $0.09 during trading on Friday, hitting $4.76. The company had a trading volume of 314,658 shares, compared to its average volume of 451,312. The business has a 50 day moving average of $5.17 and a 200 day moving average of $5.59. The firm has a market capitalization of $239.77 million, a price-to-earnings ratio of -0.42 and a beta of 1.80. MBIA Inc. has a fifty-two week low of $3.22 and a fifty-two week high of $7.46.

MBIA (NYSE:MBI - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The insurance provider reported ($0.48) EPS for the quarter, missing analysts' consensus estimates of ($0.31) by ($0.17). The firm had revenue of $29.00 million during the quarter, compared to the consensus estimate of $28.70 million. As a group, equities analysts predict that MBIA Inc. will post -3.5 EPS for the current year.

About MBIA

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.