Alliancebernstein L.P. boosted its position in Moneygram International, Inc. (NASDAQ:MGI) by 43.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,800 shares of the financial services provider’s stock after purchasing an additional 9,005 shares during the period. Alliancebernstein L.P. owned about 0.06% of Moneygram International worth $514,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. UBS Group AG lifted its position in shares of Moneygram International by 227.1% during the first quarter. UBS Group AG now owns 37,380 shares of the financial services provider’s stock worth $629,000 after acquiring an additional 25,953 shares in the last quarter. Morgan Stanley lifted its position in shares of Moneygram International by 359.9% during the first quarter. Morgan Stanley now owns 405,435 shares of the financial services provider’s stock worth $6,815,000 after acquiring an additional 317,280 shares in the last quarter. American International Group Inc. lifted its position in shares of Moneygram International by 7.1% during the first quarter. American International Group Inc. now owns 18,227 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 1,208 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its position in shares of Moneygram International by 14.3% during the second quarter. OMERS ADMINISTRATION Corp now owns 628,400 shares of the financial services provider’s stock worth $10,840,000 after acquiring an additional 78,700 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Moneygram International by 6.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 392,630 shares of the financial services provider’s stock worth $6,773,000 after acquiring an additional 23,885 shares in the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

Several equities research analysts have issued reports on the company. BidaskClub downgraded Moneygram International from a “sell” rating to a “strong sell” rating in a research report on Saturday. Northland Securities restated a “hold” rating on shares of Moneygram International in a research report on Tuesday, September 5th. Finally, ValuEngine downgraded 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’s stock. The stock presently has an average rating of “Hold” and an average target price of $16.21.

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Shares of Moneygram International, Inc. (NASDAQ:MGI) opened at $14.54 on Friday. The company has a debt-to-equity ratio of -2.42, a current ratio of 0.04 and a quick ratio of 0.04. The stock has a market capitalization of $788.52, a PE ratio of 17.73 and a beta of 2.00.

Moneygram International (NASDAQ:MGI) last issued its quarterly earnings data on Monday, August 7th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.05. Moneygram International had a negative return on equity of 14.04% and a net margin of 1.86%. The company had revenue of $410.00 million for the quarter, compared to the consensus estimate of $417.61 million. During the same quarter last year, the business posted $0.15 earnings per share. analysts expect that Moneygram International, Inc. will post 0.66 earnings per share for the current fiscal year.

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.

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

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