Assenagon Asset Management S.A. Has $7.07 Million Position in International Money Express, Inc. (NASDAQ:IMXI)

Assenagon Asset Management S.A. decreased its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 339,404 shares of the company's stock after selling 13,201 shares during the quarter. Assenagon Asset Management S.A. owned about 1.09% of International Money Express worth $7,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of IMXI. nVerses Capital LLC raised its position in shares of International Money Express by 133.3% during the 3rd quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock valued at $39,000 after acquiring an additional 1,200 shares during the last quarter. Quarry LP lifted its stake in International Money Express by 113.7% in the second quarter. Quarry LP now owns 4,760 shares of the company's stock valued at $99,000 after buying an additional 2,533 shares during the period. Meeder Asset Management Inc. boosted its holdings in International Money Express by 90.7% during the third quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company's stock worth $214,000 after buying an additional 5,499 shares during the last quarter. SkyView Investment Advisors LLC grew its position in shares of International Money Express by 3.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company's stock worth $374,000 after buying an additional 637 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in shares of International Money Express by 973.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 18,580 shares of the company's stock valued at $387,000 after acquiring an additional 16,849 shares during the last quarter. 86.71% of the stock is owned by institutional investors.

International Money Express Stock Down 0.8 %

IMXI traded down $0.17 on Monday, hitting $21.04. 110,322 shares of the company were exchanged, compared to its average volume of 129,163. The stock's fifty day moving average is $20.99 and its 200-day moving average is $19.47. International Money Express, Inc. has a 12 month low of $16.17 and a 12 month high of $23.28. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market cap of $654.34 million, a PE ratio of 11.75 and a beta of 0.89.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Northland Securities raised their price objective on International Money Express from $23.00 to $27.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Oppenheimer assumed coverage on shares of International Money Express in a research report on Tuesday, October 1st. They set a "market perform" rating for the company. BMO Capital Markets boosted their price objective on shares of International Money Express from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Monness Crespi & Hardt lowered their target price on International Money Express from $30.00 to $28.00 and set a "buy" rating for the company in a report on Monday, November 4th. Finally, Needham & Company LLC boosted their price target on International Money Express from $22.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

International Money Express Company Profile

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.