International Money Express, Inc. (NASDAQ:IMXI) Stock Holdings Raised by American Century Companies Inc.

American Century Companies Inc. increased its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 37.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 251,900 shares of the company's stock after buying an additional 68,545 shares during the quarter. American Century Companies Inc. owned about 0.81% of International Money Express worth $5,247,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of International Money Express in the 3rd quarter valued at $4,854,000. Forager Capital Management LLC raised its position in shares of International Money Express by 27.1% in the 3rd quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company's stock worth $22,580,000 after buying an additional 260,000 shares during the period. Public Employees Retirement System of Ohio acquired a new position in International Money Express in the third quarter valued at $4,598,000. New South Capital Management Inc. grew its position in International Money Express by 22.7% during the fourth quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company's stock valued at $23,582,000 after acquiring an additional 209,711 shares during the period. Finally, First Sabrepoint Capital Management LP acquired a new stake in International Money Express during the third quarter worth about $2,752,000. 86.71% of the stock is owned by institutional investors and hedge funds.

International Money Express Stock Up 7.7 %

Shares of International Money Express stock traded up $0.88 during trading hours on Wednesday, hitting $12.34. 329,952 shares of the company's stock traded hands, compared to its average volume of 269,756. International Money Express, Inc. has a twelve month low of $11.14 and a twelve month high of $22.38. The company has a market cap of $378.25 million, a PE ratio of 6.89 and a beta of 1.01. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. The stock has a 50 day simple moving average of $15.32 and a 200-day simple moving average of $18.21.

Wall Street Analysts Forecast Growth

IMXI has been the topic of a number of recent research reports. UBS Group reduced their price target on shares of International Money Express from $22.00 to $17.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Monness Crespi & Hardt lowered shares of International Money Express from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $20.00 price objective on shares of International Money Express in a research report on Monday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $24.50.

About International Money Express

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.