NINE MASTS CAPITAL Ltd purchased a new position in Moneygram International, Inc. (NASDAQ:MGI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 425,417 shares of the financial services provider’s stock, valued at approximately $7,338,000. Moneygram International comprises 0.9% of NINE MASTS CAPITAL Ltd’s holdings, making the stock its 21st largest holding. NINE MASTS CAPITAL Ltd owned 0.79% of Moneygram International as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. TIAA CREF Investment Management LLC lifted its position in Moneygram International by 6.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 93,626 shares of the financial services provider’s stock valued at $1,615,000 after acquiring an additional 6,049 shares in the last quarter. Dumac Inc. bought a new position in Moneygram International in the 2nd quarter valued at approximately $203,000. Alliancebernstein L.P. lifted its position in Moneygram International by 43.3% in the 2nd quarter. Alliancebernstein L.P. now owns 29,800 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 9,005 shares in the last quarter. Wells Fargo & Company MN lifted its position in Moneygram International by 4.8% in the 2nd quarter. Wells Fargo & Company MN now owns 21,129 shares of the financial services provider’s stock valued at $365,000 after acquiring an additional 973 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Moneygram International by 6.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 392,630 shares of the financial services provider’s stock valued at $6,773,000 after acquiring an additional 23,885 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

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Several equities analysts recently issued reports on the company. Northland Securities reaffirmed a “hold” rating on shares of Moneygram International in a research report on Tuesday, September 5th. BidaskClub raised Moneygram International from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 22nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $18.00 price objective (up from $15.00) on shares of Moneygram International in a research report on Monday, June 19th. Finally, ValuEngine raised Moneygram International from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $14.93.

Moneygram International, Inc. (NASDAQ:MGI) traded down 1.24% during trading on Friday, hitting $15.92. The stock had a trading volume of 791,725 shares. Moneygram International, Inc. has a 12 month low of $5.83 and a 12 month high of $17.92. The firm has a 50 day moving average of $15.91 and a 200-day moving average of $16.46. The stock has a market cap of $863.09 million, a price-to-earnings ratio of 32.76 and a beta of 1.92.

Moneygram International (NASDAQ:MGI) last released its quarterly earnings results on Monday, August 7th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.05. Moneygram International had a net margin of 2.03% and a negative return on equity of 14.11%. The business had revenue of $410.00 million for the quarter, compared to analyst estimates of $417.61 million. During the same period in the previous year, the company earned $0.15 earnings per share. Equities analysts predict that Moneygram International, Inc. will post $1.02 earnings per share for the current year.

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.

Institutional Ownership by Quarter for Moneygram International (NASDAQ:MGI)

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