Traders Purchase High Volume of Call Options on MBIA (MBI)

MBIA Inc. (NYSE:MBI) saw unusually large options trading activity on Thursday. Traders acquired 25,184 call options on the company. This represents an increase of 964% compared to the average daily volume of 2,368 call options.

MBIA (NYSE:MBI) traded down 2.506% during trading on Thursday, reaching $8.755. 676,301 shares of the company were exchanged. MBIA has a 1-year low of $6.34 and a 1-year high of $11.65. The stock’s market capitalization is $1.18 billion. The company’s 50-day moving average price is $9.12 and its 200-day moving average price is $9.52.

MBIA (NYSE:MBI) last announced its quarterly earnings results on Wednesday, March 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by $0.16. MBIA had a net margin of 1.23% and a return on equity of 1.26%. During the same quarter in the prior year, the company earned $0.07 earnings per share. On average, equities analysts forecast that MBIA will post $0.24 EPS for the current year.

A number of hedge funds have recently made changes to their positions in MBI. Creative Planning increased its stake in shares of MBIA by 16,481.5% in the first quarter. Creative Planning now owns 143,430 shares of the company’s stock worth $1,215,000 after buying an additional 142,565 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of MBIA by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 213,402 shares of the company’s stock worth $2,283,000 after buying an additional 2,277 shares in the last quarter. Norges Bank bought a new stake in shares of MBIA during the fourth quarter worth about $6,023,000. AQR Capital Management LLC increased its stake in shares of MBIA by 35.3% in the fourth quarter. AQR Capital Management LLC now owns 33,867 shares of the company’s stock worth $362,000 after buying an additional 8,840 shares in the last quarter. Finally, Guggenheim Capital LLC bought a new stake in shares of MBIA during the fourth quarter worth about $403,000. Institutional investors own 92.59% of the company’s stock.

MBI has been the subject of a number of analyst reports. MKM Partners reiterated a “buy” rating and set a $15.00 target price on shares of MBIA in a report on Thursday, March 2nd. TheStreet lowered shares of MBIA from a “c-” rating to a “d+” rating in a report on Friday, March 31st. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $12.50.

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MBIA Company Profile

MBIA Inc is a holding company. The Company, through its subsidiaries, is engaged in the financial guarantee insurance businesses in the industry. The Company manages its business within three segments: United States (U.S.) public finance insurance; corporate, and international and structured finance insurance.

5 Day Chart for NYSE:MBI

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