Moneygram International, Inc. (MGI) Lifted to Sell at BidaskClub

BidaskClub upgraded shares of Moneygram International, Inc. (NASDAQ:MGI) from a strong sell rating to a sell rating in a report published on Saturday.

MGI has been the subject of a number of other reports. Northland Securities reissued a hold rating on shares of Moneygram International in a research note on Tuesday, September 5th. ValuEngine downgraded shares of Moneygram International from a buy rating to a hold rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $16.21.

Shares of Moneygram International (NASDAQ MGI) opened at $14.51 on Friday. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.05 and a current ratio of 0.05. The firm has a market cap of $813.47, a P/E ratio of 18.29 and a beta of 2.00. Moneygram International has a 12 month low of $9.70 and a 12 month high of $17.92.

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Large investors have recently modified their holdings of the business. Sand Grove Capital Management LLP increased its position in shares of Moneygram International by 5.6% during the third quarter. Sand Grove Capital Management LLP now owns 1,194,122 shares of the financial services provider’s stock worth $19,273,000 after acquiring an additional 63,618 shares in the last quarter. KBC Group NV bought a new stake in shares of Moneygram International during the third quarter worth $922,000. Wells Fargo & Company MN increased its position in shares of Moneygram International by 53.1% during the third quarter. Wells Fargo & Company MN now owns 32,350 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 11,221 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Moneygram International during the third quarter worth $403,000. Finally, Alps Advisors Inc. increased its position in shares of Moneygram International by 107.9% during the third quarter. Alps Advisors Inc. now owns 21,456 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 11,137 shares in the last quarter. 95.01% of the stock is owned by hedge funds and other institutional investors.

About Moneygram International

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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