Nationwide Fund Advisors reduced its stake in Moneygram International, Inc. (NASDAQ:MGI) by 5.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,909 shares of the financial services provider’s stock after selling 885 shares during the period. Nationwide Fund Advisors’ holdings in Moneygram International were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. bought a new stake in Moneygram International during the 1st quarter worth approximately $202,000. American International Group Inc. grew its position in Moneygram International by 7.1% during the 1st 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 during the last quarter. Teachers Advisors LLC grew its position in Moneygram International by 7.4% during the 1st quarter. Teachers Advisors LLC now owns 58,782 shares of the financial services provider’s stock worth $988,000 after acquiring an additional 4,043 shares during the last quarter. Geode Capital Management LLC grew its position in Moneygram International by 30.9% during the 1st quarter. Geode Capital Management LLC now owns 329,597 shares of the financial services provider’s stock worth $5,540,000 after acquiring an additional 77,775 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Moneygram International by 8.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 872,270 shares of the financial services provider’s stock worth $14,663,000 after acquiring an additional 69,561 shares during the last quarter. Institutional investors own 93.79% of the company’s stock.

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Moneygram International, Inc. (NASDAQ MGI) opened at $15.00 on Friday. The company has a market capitalization of $776.59, a price-to-earnings ratio of 17.46 and a beta of 2.00. The company has a debt-to-equity ratio of -2.47, a current ratio of 0.05 and a quick ratio of 0.05. Moneygram International, Inc. has a 12-month low of $8.98 and a 12-month high of $17.92.

A number of equities research analysts recently commented on the company. BidaskClub lowered Moneygram International from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine lowered Moneygram International from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Northland Securities restated a “hold” rating on shares of Moneygram International in a research report on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $16.21.

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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