American Century Companies Inc. Increases Stake in International Money Express, Inc. $IMXI

American Century Companies Inc. lifted its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 45.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 367,139 shares of the company’s stock after buying an additional 115,239 shares during the quarter. American Century Companies Inc. owned about 1.22% of International Money Express worth $4,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of IMXI. New York State Common Retirement Fund increased its position in shares of International Money Express by 41.6% during the first quarter. New York State Common Retirement Fund now owns 10,218 shares of the company’s stock valued at $129,000 after buying an additional 3,000 shares during the period. Legato Capital Management LLC purchased a new position in shares of International Money Express during the first quarter valued at about $161,000. HighTower Advisors LLC bought a new stake in International Money Express during the first quarter worth about $161,000. Aquatic Capital Management LLC bought a new stake in International Money Express during the fourth quarter worth about $169,000. Finally, Aigen Investment Management LP bought a new stake in International Money Express during the first quarter worth about $196,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Analyst Ratings Changes

IMXI has been the topic of several research reports. Zacks Research lowered shares of International Money Express from a “hold” rating to a “strong sell” rating in a research note on Monday, August 25th. BMO Capital Markets lowered shares of International Money Express from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $18.00 to $11.00 in a research note on Friday, May 9th. Northland Capmk lowered shares of International Money Express from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Wall Street Zen raised shares of International Money Express from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Finally, UBS Group dropped their price objective on shares of International Money Express from $17.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, May 9th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, International Money Express presently has an average rating of “Hold” and a consensus price target of $19.60.

International Money Express Stock Performance

Shares of NASDAQ IMXI opened at $14.50 on Friday. The firm’s 50 day moving average price is $11.23 and its 200-day moving average price is $12.27. The company has a market cap of $430.36 million, a PE ratio of 8.84 and a beta of 1.02. International Money Express, Inc. has a 52-week low of $8.58 and a 52-week high of $22.37. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.63 and a current ratio of 1.63.

About International Money Express

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.