Envestnet Asset Management Inc. Increases Position in International Money Express, Inc. $IMXI

Envestnet Asset Management Inc. boosted its position in International Money Express, Inc. (NASDAQ:IMXI) by 89.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 40,275 shares of the company’s stock after acquiring an additional 18,984 shares during the period. Envestnet Asset Management Inc. owned about 0.13% of International Money Express worth $406,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IMXI. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of International Money Express by 3.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 28,700 shares of the company’s stock worth $362,000 after purchasing an additional 1,000 shares during the last quarter. Invesco Ltd. lifted its position in International Money Express by 3.3% during the first quarter. Invesco Ltd. now owns 68,837 shares of the company’s stock worth $869,000 after buying an additional 2,194 shares during the period. Quarry LP purchased a new stake in International Money Express in the 1st quarter valued at about $31,000. Parallel Advisors LLC grew its holdings in International Money Express by 6,189.8% in the 2nd quarter. Parallel Advisors LLC now owns 3,082 shares of the company’s stock valued at $31,000 after buying an additional 3,033 shares during the period. Finally, CWM LLC increased its stake in shares of International Money Express by 186.5% during the 2nd quarter. CWM LLC now owns 6,624 shares of the company’s stock valued at $67,000 after acquiring an additional 4,312 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Stock Performance

NASDAQ:IMXI opened at $15.16 on Thursday. The firm’s fifty day simple moving average is $14.72 and its 200 day simple moving average is $12.70. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.17. International Money Express, Inc. has a twelve month low of $8.58 and a twelve month high of $22.30. The firm has a market capitalization of $450.56 million, a price-to-earnings ratio of 11.84 and a beta of 0.91.

Analysts Set New Price Targets

IMXI has been the topic of several research analyst reports. Zacks Research raised shares of International Money Express from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Northland Capmk downgraded shares of International Money Express from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of International Money Express in a report on Monday. Finally, 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. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $14.33.

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.