Sand Grove Capital Management LLP Has $19.27 Million Position in Moneygram International, Inc. (MGI)

Sand Grove Capital Management LLP increased its position in Moneygram International, Inc. (NASDAQ:MGI) by 5.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,194,122 shares of the financial services provider’s stock after acquiring an additional 63,618 shares during the quarter. Moneygram International comprises approximately 6.5% of Sand Grove Capital Management LLP’s holdings, making the stock its 4th biggest position. Sand Grove Capital Management LLP owned about 2.20% of Moneygram International worth $19,273,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. State of Wisconsin Investment Board boosted its stake 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 during the period. JPMorgan Chase & Co. boosted its stake in Moneygram International by 7,472.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 733,103 shares of the financial services provider’s stock worth $12,646,000 after purchasing an additional 723,422 shares during the period. SG Americas Securities LLC boosted its stake in Moneygram International by 807.7% in the 2nd quarter. SG Americas Securities LLC now owns 755,589 shares of the financial services provider’s stock worth $13,034,000 after purchasing an additional 672,344 shares during the period. Renaissance Technologies LLC boosted its stake in Moneygram International by 32.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,875,291 shares of the financial services provider’s stock worth $32,349,000 after purchasing an additional 462,900 shares during the period. Finally, Paulson & CO. Inc. bought a new position in Moneygram International in the 2nd quarter worth approximately $7,520,000. 91.12% of the stock is owned by institutional investors.

Moneygram International, Inc. (NASDAQ:MGI) opened at $14.00 on Tuesday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of -2.47. The company has a market capitalization of $768.46, a P/E ratio of 17.28 and a beta of 1.91. Moneygram International, Inc. has a 52-week low of $10.62 and a 52-week high of $17.92.

MGI has been the subject of several recent analyst reports. BidaskClub upgraded Moneygram International from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 22nd. ValuEngine downgraded Moneygram International from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Northland Securities restated a “hold” rating on shares of Moneygram International in a research note 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’s stock. The stock currently has a consensus rating of “Hold” and an average price target 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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