SG Americas Securities LLC Lowers Holdings in Moneygram International Inc (MGI)

SG Americas Securities LLC cut its position in Moneygram International Inc (NASDAQ:MGI) by 77.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,225 shares of the financial services provider’s stock after selling 434,739 shares during the quarter. SG Americas Securities LLC’s holdings in Moneygram International were worth $1,664,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. bought a new stake in shares of Moneygram International in the third quarter valued at $145,000. Voya Investment Management LLC grew its position in shares of Moneygram International by 20.8% in the second quarter. Voya Investment Management LLC now owns 14,878 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 2,562 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Moneygram International by 4.8% in the second quarter. Wells Fargo & Company MN now owns 21,129 shares of the financial services provider’s stock valued at $365,000 after purchasing an additional 973 shares in the last quarter. Alps Advisors Inc. grew its position in shares of Moneygram International by 107.9% in the third quarter. Alps Advisors Inc. now owns 21,456 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 11,137 shares in the last quarter. Finally, USA Financial Portformulas Corp grew its position in shares of Moneygram International by 3.9% in the second quarter. USA Financial Portformulas Corp now owns 22,769 shares of the financial services provider’s stock valued at $393,000 after purchasing an additional 852 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.

Moneygram International Inc (NASDAQ MGI) opened at $11.05 on Friday. Moneygram International Inc has a 52-week low of $11.01 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. The company has a market capitalization of $617.15, a PE ratio of 13.88 and a beta of 1.79.

Several brokerages have recently weighed in on MGI. BidaskClub cut Moneygram International from a “hold” rating to a “sell” rating in a research report on Saturday, October 21st. Zacks Investment Research cut Moneygram International from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. ValuEngine upgraded Moneygram International from a “hold” rating to a “buy” rating in a research report on Saturday, December 9th. Finally, JPMorgan Chase & Co. cut Moneygram International from a “neutral” rating to an “underweight” rating in a research report on Tuesday, December 12th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $17.70.

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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.

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

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