Two Sigma Investments LP Grows Holdings in Moneygram International Inc (NASDAQ:MGI)

Two Sigma Investments LP grew its stake in Moneygram International Inc (NASDAQ:MGI) by 136.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 213,917 shares of the financial services provider’s stock after acquiring an additional 123,462 shares during the period. Two Sigma Investments LP owned about 0.38% of Moneygram International worth $428,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Moneygram International by 1.7% in the 4th quarter. BlackRock Inc. now owns 2,209,353 shares of the financial services provider’s stock valued at $4,418,000 after buying an additional 36,059 shares in the last quarter. Beach Point Capital Management LP acquired a new stake in Moneygram International during the 4th quarter worth $3,669,000. Dimensional Fund Advisors LP boosted its stake in Moneygram International by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,380,663 shares of the financial services provider’s stock worth $7,387,000 after purchasing an additional 45,298 shares during the period. Acadian Asset Management LLC boosted its stake in Moneygram International by 98.3% during the 4th quarter. Acadian Asset Management LLC now owns 753,595 shares of the financial services provider’s stock worth $1,507,000 after purchasing an additional 373,619 shares during the period. Finally, FMR LLC purchased a new position in Moneygram International during the 3rd quarter worth $2,852,000. 79.50% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ MGI traded up $0.23 during trading hours on Friday, reaching $3.37. The company’s stock had a trading volume of 481,292 shares, compared to its average volume of 475,016. The stock has a market cap of $189.78 million, a price-to-earnings ratio of 7.84 and a beta of 1.96. Moneygram International Inc has a fifty-two week low of $1.59 and a fifty-two week high of $8.73.

Moneygram International (NASDAQ:MGI) last released its quarterly earnings results on Monday, February 11th. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Moneygram International had a negative net margin of 1.66% and a negative return on equity of 6.98%. The company had revenue of $345.80 million for the quarter, compared to analysts’ expectations of $345.31 million. On average, analysts predict that Moneygram International Inc will post 0.29 earnings per share for the current year.

A number of equities analysts have commented on MGI shares. ValuEngine downgraded shares of Moneygram International from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Northland Securities upgraded shares of Moneygram International from a “market perform” rating to an “outperform” rating and set a $5.50 price target for the company in a report on Wednesday, April 3rd. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Moneygram International presently has an average rating of “Hold” and a consensus target price of $5.19.

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About Moneygram International

MoneyGram International, Inc, together with its subsidiaries, provides money transfer services in the United States and internationally. The company operates through two segments, Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment offers money transfer services and bill payment services primarily to unbanked and underbanked consumers.

Further Reading: Beige Book

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

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