MBIA Target of Unusually Large Options Trading (NYSE:MBI)

MBIA Inc. (NYSE:MBI) saw some unusual options trading on Friday. Traders acquired 2,548 call options on the stock. This is an increase of 316% compared to the typical volume of 612 call options.

MBIA Trading Down 3.8 %

NYSE:MBI traded down $0.23 during mid-day trading on Friday, hitting $5.75. The company’s stock had a trading volume of 608,829 shares, compared to its average volume of 465,224. The stock has a fifty day moving average of $3.82 and a 200-day moving average of $4.62. The company has a market capitalization of $293.42 million, a price-to-earnings ratio of -0.50 and a beta of 1.41. MBIA has a fifty-two week low of $3.22 and a fifty-two week high of $14.37.

Analysts Set New Price Targets

Separately, Roth Mkm decreased their target price on MBIA from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. increased its holdings in shares of MBIA by 19.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,714 shares of the insurance provider’s stock worth $106,000 after buying an additional 2,587 shares in the last quarter. SG Americas Securities LLC raised its position in MBIA by 87.3% in the 1st quarter. SG Americas Securities LLC now owns 47,519 shares of the insurance provider’s stock valued at $321,000 after purchasing an additional 22,145 shares during the last quarter. Vanguard Group Inc. boosted its stake in MBIA by 1.7% in the first quarter. Vanguard Group Inc. now owns 2,387,073 shares of the insurance provider’s stock worth $16,137,000 after purchasing an additional 39,767 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of MBIA during the first quarter worth $324,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of MBIA by 3.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 58,617 shares of the insurance provider’s stock valued at $397,000 after buying an additional 1,972 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.