Candriam Luxembourg S.C.A. trimmed its holdings in Moneygram International Inc (NASDAQ:MGI) by 47.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,000 shares of the financial services provider’s stock after selling 143,066 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Moneygram International were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Teacher Retirement System of Texas bought a new position in Moneygram International in the 4th quarter valued at $133,000. Victory Capital Management Inc. bought a new position in Moneygram International in the 3rd quarter valued at $145,000. Tokio Marine Asset Management Co. Ltd. bought a new position in Moneygram International in the 4th quarter valued at $250,000. Voya Investment Management LLC boosted its holdings in Moneygram International by 20.8% in the 2nd 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 during the period. Finally, Alps Advisors Inc. boosted its holdings in Moneygram International by 107.9% in the 3rd 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 during the period. Institutional investors and hedge funds own 88.79% of the company’s stock.
Shares of Moneygram International Inc (MGI) opened at $11.59 on Tuesday. Moneygram International Inc has a fifty-two week low of $9.92 and a fifty-two week high of $17.92. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of -2.47. The stock has a market cap of $628.54, a price-to-earnings ratio of 25.76 and a beta of 1.79.
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Moneygram International 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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