JPMorgan Chase & Co. Has $4.09 Million Stake in International Money Express, Inc. (NASDAQ:IMXI)

JPMorgan Chase & Co. boosted its position in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 8.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 221,109 shares of the company's stock after buying an additional 17,452 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.71% of International Money Express worth $4,088,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of IMXI. nVerses Capital LLC raised its position in shares of International Money Express by 133.3% during the third quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock worth $39,000 after acquiring an additional 1,200 shares during the last quarter. Quarry LP raised its holdings in International Money Express by 113.7% during the 2nd quarter. Quarry LP now owns 4,760 shares of the company's stock worth $99,000 after purchasing an additional 2,533 shares during the last quarter. Meeder Asset Management Inc. lifted its position in International Money Express by 90.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company's stock valued at $214,000 after purchasing an additional 5,499 shares during the period. SkyView Investment Advisors LLC boosted its stake in shares of International Money Express by 3.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company's stock valued at $374,000 after purchasing an additional 637 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted 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 purchasing an additional 16,849 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

International Money Express Trading Down 0.8 %

IMXI stock traded down $0.17 during midday trading on Friday, hitting $21.04. 110,322 shares of the company's stock were exchanged, compared to its average volume of 129,163. International Money Express, Inc. has a one year low of $16.17 and a one year 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. The stock's fifty day moving average price is $20.99 and its 200-day moving average price is $19.49.

Wall Street Analyst Weigh In

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