MoneyGram Worldwide, Inc. (NASDAQ:MGI) was the recipient of a big progress briefly curiosity within the month of January. As of January fifteenth, there was quick curiosity totalling 4,220,000 shares, a progress of 26.3% from the December thirty first whole of three,340,000 shares. Primarily based on a mean buying and selling quantity of three,820,000 shares, the short-interest ratio is presently 1.1 days.
A variety of equities analysis analysts have lately commented on the corporate. Barclays restated a “promote” ranking and set a $1.00 goal value on shares of MoneyGram Worldwide in a analysis report on Tuesday, December twenty second. Northland Securities upgraded MoneyGram Worldwide from a “market carry out” ranking to an “outperform” ranking and set a $9.50 goal value for the corporate in a report on Monday, January eleventh. One equities analysis analyst has rated the inventory with a promote ranking, three have issued a maintain ranking and one has given a purchase ranking to the corporate’s inventory. MoneyGram Worldwide presently has a mean ranking of “Maintain” and a mean goal value of $4.50.
Institutional buyers and hedge funds have lately purchased and offered shares of the corporate. Epstein & White Monetary LLC elevated its place in MoneyGram Worldwide by 23.1% throughout the fourth quarter. Epstein & White Monetary LLC now owns 16,000 shares of the monetary providers supplier’s inventory price $88,000 after shopping for an extra 3,000 shares within the final quarter. Cambridge Funding Analysis Advisors Inc. grew its place in shares of MoneyGram Worldwide by 29.0% within the third quarter. Cambridge Funding Analysis Advisors Inc. now owns 15,200 shares of the monetary providers supplier’s inventory valued at $43,000 after buying an extra 3,413 shares throughout the interval. BNP Paribas Arbitrage SA grew its place in shares of MoneyGram Worldwide by 484.6% within the third quarter. BNP Paribas Arbitrage SA now owns 14,456 shares of the monetary providers supplier’s inventory valued at $41,000 after buying an extra 11,983 shares throughout the interval. Nuveen Asset Administration LLC acquired a brand new place in MoneyGram Worldwide within the second quarter valued at $491,000. Lastly, California Public Workers Retirement System boosted its holdings in MoneyGram Worldwide by 4.9% within the third quarter. California Public Workers Retirement System now owns 131,600 shares of the monetary providers supplier’s inventory valued at $372,000 after buying an extra 6,100 shares over the last quarter. 36.01% of the inventory is owned by institutional buyers and hedge funds.
MGI opened at $8.36 on Tuesday. MoneyGram Worldwide has a one yr low of $1.15 and a one yr excessive of $9.07. The corporate has a market cap of $606.25 million, a P/E ratio of -22.00 and a beta of 1.95. The enterprise’s 50-day easy shifting common is $6.49 and its 200-day easy shifting common is $4.85.
MoneyGram Worldwide (NASDAQ:MGI) final launched its quarterly earnings outcomes on Thursday, October twenty ninth. The monetary providers supplier reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.14. MoneyGram Worldwide had a destructive return on fairness of 1.48% and a destructive internet margin of two.23%. The agency had income of $323.20 million for the quarter, in comparison with the consensus estimate of $308.40 million. Analysts forecast that MoneyGram Worldwide will publish 0.13 EPS for the present yr.
About MoneyGram Worldwide
MoneyGram Worldwide, Inc, along with its subsidiaries, gives cross-border peer-to-peer funds and cash switch providers in america and internationally. The corporate operates by means of two segments, World Funds Switch and Monetary Paper Merchandise. The World Funds Switch section provides cash switch providers and invoice cost providers primarily to unbanked and underbanked customers by means of third-party brokers, together with retail chains, impartial retailers, publish places of work, and different monetary establishments; and digital options, resembling moneygram.com, cellular options, digital companions, wallets, and account deposit providers.
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