Assenagon Asset Management S.A. Cuts Stake 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 22.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 352,605 shares of the company's stock after selling 100,206 shares during the period. Assenagon Asset Management S.A. owned approximately 1.08% of International Money Express worth $6,520,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IMXI. nVerses Capital LLC increased its holdings in shares of International Money Express by 133.3% in the 3rd quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock valued at $39,000 after purchasing an additional 1,200 shares in the last quarter. Samson Rock Capital LLP purchased a new position in International Money Express in the third quarter valued at about $1,276,000. Cubist Systematic Strategies LLC lifted its position in shares of International Money Express by 973.4% during 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 period. Aristides Capital LLC boosted its stake in shares of International Money Express by 33.3% during the 2nd quarter. Aristides Capital LLC now owns 20,000 shares of the company's stock worth $417,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of International Money Express by 113.7% in the 2nd quarter. Quarry LP now owns 4,760 shares of the company's stock worth $99,000 after acquiring an additional 2,533 shares during the period. 86.71% of the stock is owned by hedge funds and other institutional investors.

International Money Express Trading Down 1.1 %

IMXI stock traded down $0.19 during midday trading on Tuesday, hitting $17.64. The stock had a trading volume of 174,492 shares, compared to its average volume of 249,151. The firm has a market cap of $575.24 million, a PE ratio of 10.62 and a beta of 0.81. The company's 50-day moving average price is $17.97 and its 200 day moving average price is $19.58. International Money Express, Inc. has a 12-month low of $15.76 and a 12-month high of $23.28. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.88 and a quick ratio of 1.88.

International Money Express (NASDAQ:IMXI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). The business had revenue of $171.53 million during the quarter, compared to analysts' expectations of $174.89 million. International Money Express had a net margin of 8.78% and a return on equity of 43.97%. The firm's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. On average, equities research analysts predict that International Money Express, Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

IMXI has been the subject of several research reports. BTIG Research reaffirmed a "neutral" rating on shares of International Money Express in a research note on Wednesday, August 7th. Northland Securities reduced their price target on shares of International Money Express from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Thursday, August 8th. Needham & Company LLC dropped their price objective on shares of International Money Express from $25.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Finally, Oppenheimer started coverage on International Money Express in a research report on Tuesday, October 1st. They set a "market perform" rating for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, International Money Express currently has an average rating of "Moderate Buy" and a consensus target price of $25.40.

International Money Express 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.