MoneyGram International, Inc. (NASDAQ:MGI – Get Rating) saw unusually large options trading on Monday. Investors acquired 12,728 put options on the stock. This is an increase of 1,267% compared to the typical daily volume of 931 put options.
Institutional Investors Weigh In On MoneyGram International
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can purchased a new stake in shares of MoneyGram International in the third quarter valued at about $38,000. Byrne Asset Management LLC purchased a new position in shares of MoneyGram International during the 3rd quarter worth $74,000. Covestor Ltd acquired a new position in MoneyGram International in the first quarter valued at about $82,000. Point72 Hong Kong Ltd acquired a new stake in shares of MoneyGram International during the first quarter valued at about $126,000. Finally, FORA Capital LLC purchased a new position in shares of MoneyGram International during the 4th quarter worth approximately $129,000. Institutional investors and hedge funds own 85.74% of the company's stock.
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MoneyGram International Price Performance
MoneyGram International stock opened at $10.15 on Tuesday. The business has a 50 day simple moving average of $10.62 and a 200-day simple moving average of $10.72. MoneyGram International has a 12 month low of $9.18 and a 12 month high of $10.96. The stock has a market capitalization of $980.79 million, a PE ratio of 29.85 and a beta of 0.99.
MoneyGram International (NASDAQ:MGI – Get Rating) last posted its quarterly earnings data on Friday, February 24th. The financial services provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.10 by $0.10. MoneyGram International had a negative return on equity of 22.59% and a net margin of 2.61%. The company had revenue of $342.10 million during the quarter, compared to analyst estimates of $338.30 million. On average, equities research analysts anticipate that MoneyGram International will post 0.56 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, StockNews.com began coverage on MoneyGram International in a report on Thursday, March 16th. They issued a "hold" rating for the company.
MoneyGram International Company Profile
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MoneyGram International, Inc is a global payment services company, which engages in providing global money transfers, bill payment solutions, and money orders. It operates through the Global Funds Transfer (GFT) and Financial Paper Products (FPP) segments. The GFT segment provides money transfer services.
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