Ancora Advisors LLC Increases Position in International Money Express, Inc. (NASDAQ:IMXI)

Ancora Advisors LLC boosted its position in International Money Express, Inc. (NASDAQ:IMXI) by 6.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,536 shares of the company’s stock after buying an additional 6,432 shares during the period. Ancora Advisors LLC owned approximately 0.34% of International Money Express worth $2,546,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in International Money Express by 10.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,163,976 shares of the company’s stock valued at $36,636,000 after purchasing an additional 205,954 shares in the last quarter. SG Americas Securities LLC raised its position in shares of International Money Express by 8.1% in the 4th quarter. SG Americas Securities LLC now owns 8,321 shares of the company’s stock valued at $184,000 after purchasing an additional 625 shares in the last quarter. Trust Point Inc. bought a new position in International Money Express during the 4th quarter valued at $260,000. Arizona State Retirement System bought a new position in shares of International Money Express during the fourth quarter worth about $208,000. Finally, International Assets Investment Management LLC bought a new position in International Money Express during the 4th quarter worth approximately $38,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of International Money Express in a research note on Thursday, May 9th. BMO Capital Markets raised their price objective on shares of International Money Express from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. Finally, BTIG Research started coverage on shares of International Money Express in a report on Monday, June 3rd. They issued a “buy” rating and a $25.00 price target for the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

International Money Express Stock Performance

International Money Express stock traded up $0.12 on Wednesday, hitting $22.21. The company’s stock had a trading volume of 200,509 shares, compared to its average volume of 223,739. The firm has a market cap of $724.93 million, a P/E ratio of 13.23 and a beta of 0.84. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.24. International Money Express, Inc. has a one year low of $15.76 and a one year high of $24.60. The company has a fifty day moving average price of $20.73 and a 200-day moving average price of $20.96.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $150.41 million for the quarter, compared to analyst estimates of $150.60 million. International Money Express had a net margin of 9.02% and a return on equity of 43.75%. On average, equities analysts anticipate that International Money Express, Inc. will post 2.04 earnings per share for the current year.

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.