Moneygram International, Inc. (MGI) Position Trimmed by Gabelli Funds LLC
Gabelli Funds LLC trimmed its holdings in shares of Moneygram International, Inc. (NASDAQ:MGI) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 227,098 shares of the financial services provider’s stock after selling 5,633 shares during the period. Gabelli Funds LLC owned approximately 0.42% of Moneygram International worth $3,659,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. UBS Asset Management Americas Inc. acquired a new position in Moneygram International in the 1st quarter worth about $202,000. American International Group Inc. increased its position in 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 last quarter. Teachers Advisors LLC increased its position in 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 last quarter. Geode Capital Management LLC increased its position in 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 last quarter. Finally, Dimensional Fund Advisors LP increased its position in 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 last quarter. 95.01% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Moneygram International, Inc. (NASDAQ MGI) opened at $14.51 on Tuesday. The stock has a market capitalization of $813.47, a PE ratio of 18.29 and a beta of 2.00. Moneygram International, Inc. has a 52 week low of $9.70 and a 52 week high of $17.92. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.05 and a current ratio of 0.05.
Several research analysts have weighed in on MGI shares. BidaskClub lowered Moneygram International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Northland Securities reaffirmed a “hold” rating on shares of Moneygram International in a research report on Tuesday, September 5th. Finally, ValuEngine lowered Moneygram International from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Moneygram International currently has an average rating of “Hold” and an average target price of $16.21.
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.
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