Quantbot Technologies LP Invests $403,000 in Moneygram International, Inc. (MGI) Stock

Quantbot Technologies LP acquired a new position in Moneygram International, Inc. (NASDAQ:MGI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,076 shares of the financial services provider’s stock, valued at approximately $403,000.

A number of other institutional investors also recently added to or reduced their stakes in MGI. State of Wisconsin Investment Board boosted its position in Moneygram International by 190.7% in the 3rd quarter. State of Wisconsin Investment Board now owns 1,527,444 shares of the financial services provider’s stock worth $24,607,000 after purchasing an additional 1,001,944 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Moneygram International by 7,472.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 733,103 shares of the financial services provider’s stock valued at $12,646,000 after buying an additional 723,422 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Moneygram International by 807.7% during the 2nd quarter. SG Americas Securities LLC now owns 755,589 shares of the financial services provider’s stock valued at $13,034,000 after buying an additional 672,344 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Moneygram International by 32.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,875,291 shares of the financial services provider’s stock valued at $32,349,000 after buying an additional 462,900 shares in the last quarter. Finally, Paulson & CO. Inc. purchased a new position in shares of Moneygram International during the 2nd quarter valued at approximately $7,520,000. Institutional investors and hedge funds own 91.12% of the company’s stock.

Moneygram International, Inc. (NASDAQ MGI) opened at $13.83 on Wednesday. The company has a debt-to-equity ratio of -2.47, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a market capitalization of $759.24, a P/E ratio of 17.07 and a beta of 1.91. Moneygram International, Inc. has a 52-week low of $10.71 and a 52-week high of $17.92.

A number of brokerages have recently issued reports on MGI. BidaskClub upgraded Moneygram International from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 11th. ValuEngine lowered Moneygram International from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Northland Securities reiterated a “hold” rating on shares of Moneygram International in a research report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Moneygram International has a consensus rating of “Hold” and an average target price of $16.21.

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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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