Teton Advisors Inc. Has $2.04 Million Stock Holdings in MoneyGram International, Inc. (NASDAQ:MGI)

Teton Advisors Inc. trimmed its holdings in MoneyGram International, Inc. (NASDAQ:MGIGet Rating) by 13.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,000 shares of the financial services provider’s stock after selling 30,000 shares during the quarter. Teton Advisors Inc. owned about 0.20% of MoneyGram International worth $2,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SummerHaven Investment Management LLC raised its stake in MoneyGram International by 4.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 87,653 shares of the financial services provider’s stock worth $926,000 after buying an additional 4,028 shares during the period. Rhumbline Advisers raised its stake in MoneyGram International by 3.6% during the 4th quarter. Rhumbline Advisers now owns 119,378 shares of the financial services provider’s stock worth $942,000 after buying an additional 4,120 shares during the period. PenderFund Capital Management Ltd. acquired a new position in MoneyGram International during the 4th quarter worth approximately $46,000. State Street Corp increased its holdings in MoneyGram International by 0.4% during the 1st quarter. State Street Corp now owns 1,829,149 shares of the financial services provider’s stock worth $19,316,000 after purchasing an additional 6,591 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in MoneyGram International by 10.3% during the 1st quarter. Allianz Asset Management GmbH now owns 73,700 shares of the financial services provider’s stock worth $779,000 after purchasing an additional 6,900 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised MoneyGram International from a “sell” rating to a “hold” rating in a report on Friday, September 9th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $6.00.

MoneyGram International Stock Down 0.1 %

MGI stock opened at $10.47 on Wednesday. The firm has a market cap of $1.01 billion, a PE ratio of -261.75 and a beta of 1.16. The business has a 50 day moving average of $10.28 and a 200-day moving average of $10.25. MoneyGram International, Inc. has a 12-month low of $5.06 and a 12-month high of $10.87.

MoneyGram International Company Profile

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MoneyGram International, Inc, together with its subsidiaries, provides cross-border peer-to-peer payments and 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 through third-party agents, including retail chains, independent retailers, post offices, banks, and other financial institutions; and digital solutions, such as moneygram.com, account deposit, and kiosk-based services, as well as mobile app solutions.

See Also

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

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