MoneyGram International, Inc. (MGI) Surges to 1 Year Low, Is Now Worst Performer

March 16, 2018 - By Darrin Black

Investors sentiment decreased to 0.81 in 2017 Q3. Its down 0.56, from 1.37 in 2017Q2. It worsened, as 21 investors sold MoneyGram International, Inc. shares while 31 reduced holdings. 16 funds opened positions while 26 raised stakes. 46.30 million shares or 3.00% less from 47.73 million shares in 2017Q2 were reported.
Morgan Stanley reported 0% of its portfolio in MoneyGram International, Inc. (NASDAQ:MGI). Illinois-based Peak6 L P has invested 0.01% in MoneyGram International, Inc. (NASDAQ:MGI). Us Retail Bank De has 97 shares for 0% of their portfolio. Bnp Paribas Arbitrage reported 5,886 shares. Magnetar Limited Com invested in 0.46% or 1.27M shares. Wellington Management Gp Ltd Liability Partnership holds 275,619 shares or 0% of its portfolio. Balyasny Asset Mngmt Ltd Limited Liability Company reported 0% of its portfolio in MoneyGram International, Inc. (NASDAQ:MGI). Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 1,107 shares. Dimensional Fund Advisors Ltd Partnership reported 871,844 shares stake. Illinois-based Wolverine Asset Mngmt Llc has invested 0.02% in MoneyGram International, Inc. (NASDAQ:MGI). Westchester Cap Mgmt, a New York-based fund reported 484,417 shares. Northwestern Mutual Wealth Mgmt, a Wisconsin-based fund reported 25 shares. Gabelli Advisers reported 147,102 shares stake. New York-based Lombard Odier Asset Mngmt (Usa) Corp has invested 0.01% in MoneyGram International, Inc. (NASDAQ:MGI). Polar Asset Management Ptnrs stated it has 0.05% of its portfolio in MoneyGram International, Inc. (NASDAQ:MGI).

The stock of MoneyGram International, Inc. (NASDAQ:MGI) hit a new 52-week low and has $9.22 target or 4.00 % below today’s $9.60 share price. The 5 months bearish chart indicates high risk for the $521.17M company. The 1-year low was reported on Mar, 16 by If the $9.22 price target is reached, the company will be worth $20.85M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 4.29% or $0.43 during the last trading session, reaching $9.6. About 315,229 shares traded. MoneyGram International, Inc. (NASDAQ:MGI) has risen 183.58% since March 16, 2017 and is uptrending. It has outperformed by 166.88% the S&P500.

Analysts await MoneyGram International, Inc. (NASDAQ:MGI) to report earnings on March, 21. They expect $0.18 EPS, up 12.50 % or $0.02 from last year’s $0.16 per share. MGI’s profit will be $9.77M for 13.33 P/E if the $0.18 EPS becomes a reality. After $0.21 actual EPS reported by MoneyGram International, Inc. for the previous quarter, Wall Street now forecasts -14.29 % negative EPS growth.

MoneyGram International, Inc. (NASDAQ:MGI) Ratings Coverage

Among 8 analysts covering Moneygram International (NASDAQ:MGI), 1 have Buy rating, 2 Sell and 5 Hold. Therefore 13% are positive. Moneygram International had 12 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, October 11 by Northland Capital. The company was downgraded on Tuesday, December 12 by J.P. Morgan. On Monday, July 24 the stock rating was maintained by Northland Capital with “Hold”. The stock has “Hold” rating by Feltl & Co on Monday, January 30. Compass Point maintained it with “Neutral” rating and $10 target in Monday, November 2 report. The rating was maintained by Northland Capital on Tuesday, July 18 with “Hold”. The stock of MoneyGram International, Inc. (NASDAQ:MGI) has “Hold” rating given on Thursday, June 29 by Northland Capital. The rating was maintained by Northland Capital with “Hold” on Tuesday, September 5. First Analysis downgraded the shares of MGI in report on Thursday, January 26 to “Equal-Weight” rating. The firm has “Sell” rating by Evercore given on Monday, August 3.

MoneyGram International, Inc., together with its subsidiaries, provides money transfer services in the United States and internationally. The company has market cap of $521.17 million. The firm operates through two divisions, Global Funds Transfer and Financial Paper Products. It has a 20.82 P/E ratio. The Global Funds Transfer segment offers money transfer services and bill payment services primarily to unbanked and underbanked consumers.

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