Moneygram International (NASDAQ:MGI) Rating Increased to Sell at BidaskClub

Moneygram International (NASDAQ:MGI) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Saturday, November 11th.

Other equities research analysts have also issued reports about the stock. Northland Securities reiterated a “hold” rating on shares of Moneygram International in a report on Tuesday, September 5th. ValuEngine downgraded shares of Moneygram International from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.21.

Moneygram International (NASDAQ MGI) traded up $0.17 during trading hours on Friday, reaching $14.24. 249,367 shares of the company were exchanged, compared to its average volume of 663,558. Moneygram International has a 52 week low of $10.36 and a 52 week high of $17.92. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of -2.47. The company has a market cap of $777.68, a price-to-earnings ratio of 17.45 and a beta of 2.00.

Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Asset Management Americas Inc. bought a new position in shares of Moneygram International in the 1st quarter worth approximately $202,000. American International Group Inc. lifted its stake in shares of Moneygram International by 7.1% in the 1st quarter. American International Group Inc. now owns 18,227 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 1,208 shares during the period. Teachers Advisors LLC lifted its stake in shares of Moneygram International by 7.4% in the 1st quarter. Teachers Advisors LLC now owns 58,782 shares of the financial services provider’s stock worth $988,000 after purchasing an additional 4,043 shares during the period. Geode Capital Management LLC lifted its stake in shares of Moneygram International by 30.9% in the 1st quarter. Geode Capital Management LLC now owns 329,597 shares of the financial services provider’s stock worth $5,540,000 after purchasing an additional 77,775 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Moneygram International by 8.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 872,270 shares of the financial services provider’s stock worth $14,663,000 after purchasing an additional 69,561 shares during the period. 91.12% of the stock is currently owned by hedge funds and other institutional investors.

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Moneygram International Company Profile

MoneyGram International, Inc (MoneyGram) is a global provider of money transfer services. The Company operates through two segments: Global Funds Transfer and Financial Paper Products. The Company offers its services under the MoneyGram brand. The Company’s Global Funds Transfer Segment provides money transfer services and bill payment services primarily to unbanked and underbanked consumers.

Analyst Recommendations for Moneygram International (NASDAQ:MGI)

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