Man Group plc acquired a new position in International Money Express, Inc. (NASDAQ:IMXI – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,252,360 shares of the company’s stock, valued at approximately $18,097,000. Man Group plc owned approximately 4.15% of International Money Express at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in International Money Express during the 2nd quarter worth $33,315,000. Alliancebernstein L.P. increased its holdings in shares of International Money Express by 6,041.0% during the third quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company’s stock valued at $28,791,000 after purchasing an additional 2,027,344 shares during the period. Magnetar Financial LLC increased its holdings in shares of International Money Express by 2.4% during the fourth quarter. Magnetar Financial LLC now owns 1,916,571 shares of the company’s stock valued at $29,439,000 after purchasing an additional 44,596 shares during the period. Fort Baker Capital Management LP bought a new stake in shares of International Money Express during the fourth quarter valued at about $14,616,000. Finally, Hsbc Holdings PLC bought a new stake in shares of International Money Express during the second quarter valued at about $11,487,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of International Money Express from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Wall Street Zen upgraded shares of International Money Express from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.
International Money Express Stock Performance
Shares of NASDAQ IMXI opened at $14.49 on Friday. International Money Express, Inc. has a 1 year low of $11.15 and a 1 year high of $15.95. The firm has a market cap of $437.74 million, a P/E ratio of 23.37 and a beta of 0.76. The stock has a fifty day moving average price of $13.56 and a two-hundred day moving average price of $14.86. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.96 and a current ratio of 1.96.
International Money Express Profile
International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.
The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.
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