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

MBIA Inc. (NYSE:MBI) was the target of some unusual options trading activity on Tuesday. Investors acquired 13,349 call options on the company. This is an increase of approximately 1,714% compared to the average daily volume of 736 call options.

Shares of NYSE:MBI opened at $10.19 on Wednesday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.83 and a quick ratio of 1.83. MBIA has a fifty-two week low of $6.04 and a fifty-two week high of $10.97.

MBIA (NYSE:MBI) last announced its quarterly earnings data on Wednesday, May 9th. The insurance provider reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.40). MBIA had a negative net margin of 380.19% and a negative return on equity of 30.18%. The business had revenue of $73.00 million for the quarter, compared to the consensus estimate of $76.60 million. During the same period in the prior year, the company earned $0.07 EPS. MBIA’s quarterly revenue was down 5.2% on a year-over-year basis.

Several large investors have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. grew its position in shares of MBIA by 9.3% during the 4th quarter. UBS Asset Management Americas Inc. now owns 111,998 shares of the insurance provider’s stock valued at $820,000 after buying an additional 9,516 shares during the last quarter. Guggenheim Capital LLC grew its position in shares of MBIA by 9.7% during the 4th quarter. Guggenheim Capital LLC now owns 122,429 shares of the insurance provider’s stock valued at $896,000 after buying an additional 10,853 shares during the last quarter. LPL Financial LLC bought a new stake in shares of MBIA during the 1st quarter valued at about $129,000. GSA Capital Partners LLP bought a new stake in shares of MBIA during the 1st quarter valued at about $138,000. Finally, Timber Hill LLC bought a new stake in shares of MBIA during the 1st quarter valued at about $180,000.

Separately, ValuEngine raised shares of MBIA from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.50.

MBIA Company Profile

MBIA Inc provides financial guarantee insurance services to public finance markets. It operates through 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.

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