ValuEngine cut shares of MBIA (NYSE:MBI) from a hold rating to a sell rating in a research note issued to investors on Thursday, ValuEngine reports.

MBI traded down $0.07 on Thursday, hitting $8.01. 645,383 shares of the company’s stock were exchanged, compared to its average volume of 814,005. MBIA has a fifty-two week low of $4.93 and a fifty-two week high of $10.90. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 5.88. The firm has a 50-day moving average price of $7.23 and a 200-day moving average price of $7.74. The stock has a market cap of $542.28 million, a price-to-earnings ratio of -0.89 and a beta of 0.94.

MBIA (NYSE:MBI) last announced its earnings results on Monday, May 11th. The insurance provider reported ($0.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.48). MBIA had a negative return on equity of 11.99% and a negative net margin of 128.21%. The business had revenue of ($6.00) million for the quarter, compared to analyst estimates of $44.63 million. During the same period last year, the firm earned $0.45 EPS.

In other news, Director Theodore Shasta sold 18,689 shares of MBIA stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $6.99, for a total transaction of $130,636.11. The transaction was disclosed in a document filed with the SEC, which is available at this link. 8.81% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in MBIA by 12.7% during the fourth quarter. Victory Capital Management Inc. now owns 17,204 shares of the insurance provider’s stock worth $160,000 after purchasing an additional 1,940 shares during the period. Credit Suisse AG grew its position in shares of MBIA by 4.5% during the fourth quarter. Credit Suisse AG now owns 90,044 shares of the insurance provider’s stock worth $838,000 after buying an additional 3,857 shares in the last quarter. UBS Group AG grew its position in shares of MBIA by 1,268.6% during the fourth quarter. UBS Group AG now owns 97,991 shares of the insurance provider’s stock worth $911,000 after buying an additional 90,831 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in MBIA by 381.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 899,410 shares of the insurance provider’s stock valued at $8,364,000 after purchasing an additional 712,409 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of MBIA by 1,033.4% in the fourth quarter. Cubist Systematic Strategies LLC now owns 24,935 shares of the insurance provider’s stock valued at $232,000 after acquiring an additional 22,735 shares during the period. Institutional investors and hedge funds own 88.33% of the company’s stock.

About MBIA

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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