Allianz Asset Management GmbH Decreases Position in INTERNATIONAL MONEY EXPRESS, INC. $IMXI

Allianz Asset Management GmbH cut its position in INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI) by 21.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 85,161 shares of the company’s stock after selling 23,300 shares during the period. Allianz Asset Management GmbH owned approximately 0.28% of INTERNATIONAL MONEY EXPRESS worth $859,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of IMXI. Hotchkis & Wiley Capital Management LLC raised its holdings in INTERNATIONAL MONEY EXPRESS by 92.8% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 537,740 shares of the company’s stock worth $6,786,000 after buying an additional 258,820 shares during the last quarter. Breach Inlet Capital Management LLC grew its stake in shares of INTERNATIONAL MONEY EXPRESS by 32.8% in the first quarter. Breach Inlet Capital Management LLC now owns 679,132 shares of the company’s stock worth $8,571,000 after acquiring an additional 167,887 shares during the period. LB Partners LLC bought a new stake in shares of INTERNATIONAL MONEY EXPRESS in the first quarter worth approximately $1,974,000. Voss Capital LP grew its stake in shares of INTERNATIONAL MONEY EXPRESS by 6.7% in the first quarter. Voss Capital LP now owns 1,947,854 shares of the company’s stock worth $24,582,000 after acquiring an additional 122,854 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of INTERNATIONAL MONEY EXPRESS by 45.7% in the first quarter. American Century Companies Inc. now owns 367,139 shares of the company’s stock worth $4,633,000 after acquiring an additional 115,239 shares during the period. 86.71% of the stock is owned by hedge funds and other institutional investors.

INTERNATIONAL MONEY EXPRESS Stock Performance

Shares of NASDAQ IMXI opened at $14.87 on Monday. The firm has a 50 day moving average of $14.48 and a 200 day moving average of $12.22. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $441.34 million, a price-to-earnings ratio of 9.07 and a beta of 0.90. INTERNATIONAL MONEY EXPRESS, INC. has a 12-month low of $8.58 and a 12-month high of $22.37.

Wall Street Analysts Forecast Growth

IMXI has been the subject of a number of research analyst reports. Zacks Research upgraded shares of INTERNATIONAL MONEY EXPRESS from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of INTERNATIONAL MONEY EXPRESS in a research note on Saturday. 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. Finally, Wall Street Zen upgraded shares of INTERNATIONAL MONEY EXPRESS from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.60.

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.