Hosking Partners Llp buys $40,958,573 stake in MBIA (MBI)

MBIA (MBI) : Hosking Partners Llp scooped up 653,584 additional shares in MBIA during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 4,988,864 shares of MBIA which is valued at $40,958,573.MBIA makes up approximately 1.59% of Hosking Partners Llp’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System boosted its stake in MBI in the latest quarter, The investment management firm added 42,100 additional shares and now holds a total of 1,041,300 shares of MBIA which is valued at $8,549,073. MBIA makes up approx 0.01% of California Public Employees Retirement System’s portfolio.Ifc Holdings Incorporatedfl boosted its stake in MBI in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 11,100 shares of MBIA which is valued at $91,131. MBIA makes up approx 0.01% of Ifc Holdings Incorporatedfl’s portfolio.Meeder Asset Management Inc reduced its stake in MBI by selling 18,616 shares or 99.95% in the most recent quarter. The Hedge Fund company now holds 9 shares of MBI which is valued at $69.Creative Planning boosted its stake in MBI in the latest quarter, The investment management firm added 2,200 additional shares and now holds a total of 2,800 shares of MBIA which is valued at $21,084.

MBIA closed down -0.07 points or -0.82% at $8.46 with 10,08,392 shares getting traded on Monday. Post opening the session at $8.49, the shares hit an intraday low of $8.44 and an intraday high of $8.59 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, MBIA reported $0.12 EPS for the quarter, based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus estimate of $0.12. The company had revenue of $118.00 million for the quarter, compared to analysts expectations of $124.55 million. The company’s revenue was down -51.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.11 EPS.

MBIA Inc. (MBIA) is a holding company. Through its subsidiary the Company provides financial guarantee insurance to the United States public finance markets. The Company’s indirect wholly owned subsidiary is National Public Finance Guarantee Corporation (National). The Company’s operating segments includes United States (U.S.) public finance insurance; international and structured finance insurance; corporate and advisory services. The U.S. public finance insurance business is operated through National Public Finance Guarantee Corporation and its subsidiaries (National). The international and structured finance insurance business is operated through MBIA Insurance Corporation and its subsidiaries (MBIA Corp.). The asset management and advisory services business is operated through Cutwater Holdings LLC and its subsidiaries (Cutwater). National’s guarantees insure municipal bonds including tax-exempt and taxable indebtedness of the United States political subdivisions.

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