Moneygram International Inc (NASDAQ:MGI) saw unusually large options trading on Thursday. Investors acquired 1,840 put options on the company. This is an increase of approximately 2,090% compared to the average daily volume of 84 put options.

MGI has been the subject of a number of analyst reports. Zacks Investment Research cut Moneygram International from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. BidaskClub cut Moneygram International from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. JPMorgan Chase & Co. cut Moneygram International from a “neutral” rating to an “underweight” rating in a research report on Tuesday, December 12th. Finally, ValuEngine raised Moneygram International from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Moneygram International currently has a consensus rating of “Hold” and an average target price of $16.21.

Shares of Moneygram International (NASDAQ:MGI) opened at $12.65 on Friday. Moneygram International has a 12-month low of $11.26 and a 12-month high of $17.92. The firm has a market capitalization of $686.03, a PE ratio of 28.11 and a beta of 1.92. The company has a debt-to-equity ratio of -2.47, a current ratio of 0.05 and a quick ratio of 0.05.

Several large investors have recently made changes to their positions in MGI. BNP Paribas Arbitrage SA lifted its position in shares of Moneygram International by 108.8% in the second quarter. BNP Paribas Arbitrage SA now owns 6,942 shares of the financial services provider’s stock worth $120,000 after buying an additional 3,618 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Moneygram International during the 3rd quarter worth about $145,000. Voya Investment Management LLC lifted its position in shares of Moneygram International by 20.8% during the 2nd quarter. Voya Investment Management LLC now owns 14,878 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 2,562 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Moneygram International by 107.9% during the 3rd quarter. Alps Advisors Inc. now owns 21,456 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 11,137 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Moneygram International by 4.8% during the 2nd quarter. Wells Fargo & Company MN now owns 21,129 shares of the financial services provider’s stock worth $365,000 after purchasing an additional 973 shares during the last quarter. 91.12% of the stock is owned by institutional investors.

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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.

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