Occudo Quantitative Strategies LP Takes Position in MBIA Inc. (NYSE:MBI)

Occudo Quantitative Strategies LP bought a new stake in shares of MBIA Inc. (NYSE:MBI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 33,272 shares of the insurance provider’s stock, valued at approximately $215,000. Occudo Quantitative Strategies LP owned 0.07% of MBIA as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC boosted its holdings 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 buying an additional 2,000 shares during the last quarter. Invesco Ltd. boosted its holdings 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 buying an additional 2,613 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in MBIA by 3.0% in the 4th quarter. Wells Fargo & Company MN now owns 140,812 shares of the insurance provider’s stock worth $910,000 after buying an additional 4,105 shares during the last quarter. Northern Trust Corp boosted its holdings in MBIA by 1.4% in the 4th quarter. Northern Trust Corp now owns 428,190 shares of the insurance provider’s stock worth $2,766,000 after buying an additional 5,860 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in MBIA in the 4th quarter worth about $50,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lowered their price objective on MBIA from $9.00 to $8.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th.

MBIA Price Performance

Shares of MBIA stock opened at $4.65 on Friday. The stock has a market cap of $234.23 million, a P/E ratio of -0.41 and a beta of 1.88. The stock’s 50 day simple moving average is $4.70 and its 200-day simple moving average is $5.70. MBIA Inc. has a 1-year low of $3.22 and a 1-year high of $7.46.

MBIA (NYSE:MBI) last issued its earnings results on Thursday, May 8th. The insurance provider reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The firm had revenue of $14.00 million during the quarter, compared to analyst estimates of $21.00 million. During the same quarter in the prior year, the company posted ($0.52) EPS. As a group, research analysts expect that MBIA Inc. will post -3.5 EPS for the current fiscal 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.