$-0.16 EPS Expected for Libbey Inc. (LBY); Saba Capital Management LP Has Increased Mbia (Put) (MBI) Stake By $25.73 Million

April 24, 2018 - By Marie Mckinney

Libbey Inc. (NYSEAMERICAN:LBY) Logo

Saba Capital Management Lp increased Mbia Inc (Put) (MBI) stake by 170.92% reported in 2017Q4 SEC filing. Saba Capital Management Lp acquired 5.15M shares as Mbia Inc (Put) (MBI)’s stock rose 20.44%. The Saba Capital Management Lp holds 8.16 million shares with $45.17M value, up from 3.01M last quarter. Mbia Inc (Put) now has $800.75 million valuation. The stock decreased 2.43% or $0.22 during the last trading session, reaching $8.85. About 3.04M shares traded or 76.81% up from the average. MBIA Inc. (NYSE:MBI) has risen 14.09% since April 24, 2017 and is uptrending. It has outperformed by 2.54% the S&P500.

Analysts expect Libbey Inc. (NYSEAMERICAN:LBY) to report $-0.16 EPS on May, 1.They anticipate $0.14 EPS change or 46.67% from last quarter’s $-0.3 EPS. After having $-0.02 EPS previously, Libbey Inc.’s analysts see 700.00% EPS growth. The stock increased 0.36% or $0.02 during the last trading session, reaching $5.58. About 121,117 shares traded. Libbey Inc. (NYSEAMERICAN:LBY) has declined 62.12% since April 24, 2017 and is downtrending. It has underperformed by 73.67% the S&P500.

Libbey Inc. designs, produces, and sells tableware and other products worldwide. The company has market cap of $122.92 million. It offers glass tableware products, including tumblers, stemware, mugs, bowls, vases, salt and pepper shakers, shot glasses, canisters, candleholders, and other items; storage ware; serve ware; bakeware; handmade glass tableware; and other components for original equipment manufacturers, such as blender jars, mixing bowls, and washing machine windows. It currently has negative earnings. The firm also provides ceramic dinnerware products comprising plates, bowls, platters, cups, saucers, and other tabletop accessories; metal flatware consisting of knives, forks, spoons, and serving utensils; and metal hollowware, which consists of serving trays, pitchers, and other metal tabletop accessories.

Investors sentiment decreased to 0.95 in Q4 2017. Its down 0.02, from 0.97 in 2017Q3. It worsened, as 13 investors sold Libbey Inc. shares while 28 reduced holdings. 13 funds opened positions while 26 raised stakes. 16.90 million shares or 1.98% less from 17.24 million shares in 2017Q3 were reported. Citigroup owns 7,351 shares or 0% of their US portfolio. Alliancebernstein Limited Partnership has invested 0% in Libbey Inc. (NYSEAMERICAN:LBY). Voya Investment Mgmt Limited Liability Company holds 0% or 14,013 shares in its portfolio. The New York-based Morgan Stanley has invested 0% in Libbey Inc. (NYSEAMERICAN:LBY). Aqr Capital Mgmt Limited Liability Company reported 0% in Libbey Inc. (NYSEAMERICAN:LBY). Lsv Asset Mngmt, a Illinois-based fund reported 162,900 shares. California-based Fincl Engines Advsr Ltd Limited Liability Company has invested 0% in Libbey Inc. (NYSEAMERICAN:LBY). Strs Ohio accumulated 0% or 33,800 shares. Manufacturers Life Insurance The, Ontario – Canada-based fund reported 6,756 shares. Geode Cap Mgmt Limited Liability accumulated 0% or 167,545 shares. Bankshares Of America Corporation De stated it has 12,775 shares or 0% of all its holdings. Jacobs Levy Equity Management has 0% invested in Libbey Inc. (NYSEAMERICAN:LBY) for 34,000 shares. Bankshares Of Montreal Can reported 1,598 shares. Deutsche Retail Bank Ag holds 0% of its portfolio in Libbey Inc. (NYSEAMERICAN:LBY) for 127,510 shares. Tiaa Cref Invest Mngmt Limited Liability Com invested in 0% or 153,786 shares.

Among 5 analysts covering MBIA Inc (NYSE:MBI), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. MBIA Inc had 10 analyst reports since August 7, 2015 according to SRatingsIntel. The company was downgraded on Friday, August 7 by TheStreet. Wood initiated MBIA Inc. (NYSE:MBI) on Monday, April 25 with “Market Perform” rating. The rating was maintained by BTIG Research with “Buy” on Wednesday, July 12. The stock of MBIA Inc. (NYSE:MBI) has “Buy” rating given on Thursday, June 16 by M Partners. Keefe Bruyette & Woods initiated it with “Hold” rating and $7.0 target in Monday, February 5 report. BTIG Research maintained MBIA Inc. (NYSE:MBI) on Friday, May 26 with “Buy” rating. M Partners upgraded the stock to “Buy” rating in Tuesday, November 3 report. The firm has “Buy” rating given on Wednesday, November 8 by BTIG Research.

Saba Capital Management Lp decreased Deutsche High Income Opport (DHG) stake by 80,072 shares to 1.13M valued at $17.04 million in 2017Q4. It also reduced Wells Fargo Multi Sector Inc (ERC) stake by 371,034 shares and now owns 724,088 shares. Clough Global Divnd And Inc (GLV) was reduced too.

Libbey Inc. (NYSEAMERICAN:LBY) Institutional Positions Chart

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