After Today’s Huge Decline, Is MoneyGram International, Inc. (MGI)’s Near-Term Analysis Negative?

MoneyGram International, Inc. (NASDAQ:MGI) Logo

Investors sentiment increased to 1.03 in Q1 2019. Its up 0.22, from 0.81 in 2018Q4. It is positive, as 11 investors sold MoneyGram International, Inc. shares while 25 reduced holdings. 11 funds opened positions while 26 raised stakes. 43.51 million shares or 1.25% more from 42.97 million shares in 2018Q4 were reported.
Geode Capital Ltd has 401,443 shares for 0% of their portfolio. Royal State Bank Of Canada reported 0% of its portfolio in MoneyGram International, Inc. (NASDAQ:MGI). Ny State Common Retirement Fund, New York-based fund reported 29,700 shares. Quinn Opportunity Prtn Ltd Liability has 37,614 shares. The New York-based Gamco Investors Inc Et Al has invested 0% in MoneyGram International, Inc. (NASDAQ:MGI). Parametric Portfolio Assoc Lc invested in 580,474 shares. Wells Fargo Company Mn holds 0% or 52,066 shares. Gabelli & Inv Advisers has 284,666 shares. Invesco Limited stated it has 341,833 shares. The Massachusetts-based Acadian Asset Mngmt Ltd Liability has invested 0.01% in MoneyGram International, Inc. (NASDAQ:MGI). 46,215 were accumulated by Millennium Management Limited Liability Co. Amer Incorporated owns 19,690 shares. Prelude Cap Mngmt Ltd Liability Corp, a New York-based fund reported 2 shares. Nj State Employees Deferred Compensation Plan invested 0.04% in MoneyGram International, Inc. (NASDAQ:MGI). Bankshares Of Montreal Can holds 0% of its portfolio in MoneyGram International, Inc. (NASDAQ:MGI) for 7,160 shares.

The stock of MoneyGram International, Inc. (NASDAQ:MGI) is a huge mover today! The stock decreased 2.63% or $0.06 during the last trading session, reaching $2.22. About 610,672 shares traded. MoneyGram International, Inc. (NASDAQ:MGI) has declined 72.12% since July 12, 2018 and is downtrending. It has underperformed by 76.55% the S&P500.
The move comes after 5 months negative chart setup for the $134.27M company. It was reported on Jul, 12 by Barchart.com. We have $2.09 PT which if reached, will make NASDAQ:MGI worth $8.06 million less.

Analysts await MoneyGram International, Inc. (NASDAQ:MGI) to report earnings on August, 2. They expect $0.04 earnings per share, down 77.78 % or $0.14 from last year’s $0.18 per share. MGI’s profit will be $2.42 million for 13.88 P/E if the $0.04 EPS becomes a reality. After $-0.06 actual earnings per share reported by MoneyGram International, Inc. for the previous quarter, Wall Street now forecasts -166.67 % EPS growth.

More notable recent MoneyGram International, Inc. (NASDAQ:MGI) news were published by: Nasdaq.com which released: “Pre-Market Most Active for Jun 18, 2019 : MGI, FB, AMD, BYND, QQQ, SNAP, TLT, BHVN, STM, BAC, NOK, GE – Nasdaq” on June 18, 2019, also Nasdaq.com with their article: “Should Value Investors Buy MoneyGram (MGI) Stock? – Nasdaq” published on October 03, 2018, Fool.com published: “Here’s Why MoneyGram International Stock Sunk on Friday – The Motley Fool” on November 09, 2018. More interesting news about MoneyGram International, Inc. (NASDAQ:MGI) were released by: Benzinga.com and their article: “ETH/USD Impending Double-Top Pattern Reaction Post End-Week Surge – Benzinga” published on June 21, 2019 as well as Nasdaq.com‘s news article titled: “MoneyGram (MGI) Ties Up With First Abu Dhabi Bank’s Wallet – Nasdaq” with publication date: April 03, 2019.

MoneyGram International, Inc., together with its subsidiaries, provides money transfer services in the United States and internationally. The company has market cap of $134.27 million. The firm operates through two divisions, Global Funds Transfer and Financial Paper Products. It currently has negative earnings. The Global Funds Transfer segment offers money transfer services and bill payment services primarily to unbanked and underbanked consumers.

MoneyGram International, Inc. (NASDAQ:MGI) Institutional Positions Chart

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