Assenagon Asset Management S.A. Sells 13,201 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Assenagon Asset Management S.A. cut its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 3.7% during the fourth quarter, according to 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 approximately 1.09% of International Money Express worth $7,070,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Principal Financial Group Inc. purchased a new stake in shares of International Money Express in the 3rd quarter worth approximately $633,000. American Century Companies Inc. raised its position in shares of International Money Express by 44.1% in the 2nd quarter. American Century Companies Inc. now owns 147,260 shares of the company’s stock worth $3,069,000 after purchasing an additional 45,068 shares during the last quarter. Barclays PLC boosted its stake in International Money Express by 137.1% in the 3rd quarter. Barclays PLC now owns 73,260 shares of the company’s stock worth $1,355,000 after purchasing an additional 42,367 shares in the last quarter. Forager Capital Management LLC grew its position in International Money Express by 27.1% during the 3rd quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock valued at $22,580,000 after purchasing an additional 260,000 shares during the last quarter. Finally, New South Capital Management Inc. bought a new stake in International Money Express during the 3rd quarter valued at about $17,055,000. 86.71% of the stock is currently owned by institutional investors.

International Money Express Price Performance

IMXI opened at $21.04 on Monday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. The business’s fifty day simple moving average is $20.99 and its 200-day simple moving average is $19.47. The company has a market capitalization of $654.34 million, a price-to-earnings ratio of 11.75 and a beta of 0.89. International Money Express, Inc. has a 12-month low of $16.17 and a 12-month high of $23.28.

Analyst Ratings Changes

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