International Money Express, Inc. (NASDAQ:IMXI) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 3.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 339,404 shares of the company’s stock after selling 13,201 shares during the period. Assenagon Asset Management S.A.’s holdings in International Money Express were worth $7,070,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Rhumbline Advisers raised its holdings in International Money Express by 1.0% in the second quarter. Rhumbline Advisers now owns 45,877 shares of the company’s stock valued at $956,000 after acquiring an additional 452 shares in the last quarter. SkyView Investment Advisors LLC lifted 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 purchasing an additional 637 shares during the last quarter. nVerses Capital LLC increased its holdings in International Money Express by 133.3% in the third quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $39,000 after buying an additional 1,200 shares during the last quarter. Quarry LP raised 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 in the last quarter. Finally, Martingale Asset Management L P lifted its holdings in International Money Express by 6.4% during the 3rd quarter. Martingale Asset Management L P now owns 42,370 shares of the company’s stock worth $783,000 after buying an additional 2,563 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Price Performance

Shares of NASDAQ:IMXI opened at $21.04 on Monday. International Money Express, Inc. has a one year low of $16.17 and a one year high of $23.28. The stock has a market capitalization of $654.34 million, a price-to-earnings ratio of 11.75 and a beta of 0.89. The company has a 50-day simple moving average of $20.99 and a 200-day simple moving average of $19.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Oppenheimer assumed coverage on shares of International Money Express in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. BMO Capital Markets upped 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 note on Monday, November 11th. Northland Securities lifted their target price on International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Monness Crespi & Hardt decreased their target price on International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Needham & Company LLC raised their price target on International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.