Assenagon Asset Management S.A. Trims Holdings in International Money Express, Inc. (NASDAQ:IMXI)

Assenagon Asset Management S.A. trimmed its position in International Money Express, Inc. (NASDAQ:IMXI) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 327,883 shares of the company’s stock after selling 11,521 shares during the quarter. Assenagon Asset Management S.A. owned about 1.07% of International Money Express worth $4,138,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of IMXI. Principal Financial Group Inc. raised its stake in shares of International Money Express by 11.0% in the fourth quarter. Principal Financial Group Inc. now owns 38,011 shares of the company’s stock worth $792,000 after purchasing an additional 3,753 shares during the last quarter. Investment Management Associates Inc. ADV grew its holdings in International Money Express by 1.9% during the fourth quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company’s stock worth $18,731,000 after acquiring an additional 16,530 shares during the period. Bank of New York Mellon Corp grew its holdings in International Money Express by 11.1% during the fourth quarter. Bank of New York Mellon Corp now owns 114,030 shares of the company’s stock worth $2,375,000 after acquiring an additional 11,388 shares during the period. Proficio Capital Partners LLC acquired a new stake in International Money Express during the fourth quarter worth about $332,000. Finally, New South Capital Management Inc. grew its holdings in International Money Express by 22.7% during the fourth quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company’s stock worth $23,582,000 after acquiring an additional 209,711 shares during the period. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

International Money Express Stock Down 5.7%

Shares of IMXI opened at $10.28 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. International Money Express, Inc. has a 12 month low of $10.07 and a 12 month high of $22.38. The stock’s 50 day moving average is $11.61 and its two-hundred day moving average is $15.71. The firm has a market cap of $309.72 million, a P/E ratio of 5.74 and a beta of 1.08.

Analyst Upgrades and Downgrades

Several research firms recently commented on IMXI. BMO Capital Markets lowered International Money Express from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $18.00 to $11.00 in a report on Friday, May 9th. UBS Group dropped their target price on International Money Express from $17.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, May 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of International Money Express in a report on Monday, April 7th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $19.60.

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.