International Money Express, Inc. (NASDAQ:IMXI) Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 41.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,134 shares of the company’s stock after buying an additional 20,076 shares during the period. O Shaughnessy Asset Management LLC owned 0.22% of International Money Express worth $1,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership bought a new stake in International Money Express during the 4th quarter valued at $6,098,000. JPMorgan Chase & Co. increased its holdings in shares of International Money Express by 33.9% during the fourth quarter. JPMorgan Chase & Co. now owns 295,983 shares of the company’s stock valued at $6,165,000 after purchasing an additional 74,874 shares during the period. LPL Financial LLC bought a new stake in shares of International Money Express during the fourth quarter valued at about $4,440,000. KLP Kapitalforvaltning AS acquired a new stake in International Money Express in the fourth quarter worth about $429,000. Finally, American Century Companies Inc. grew its position in International Money Express by 37.4% in the 4th quarter. American Century Companies Inc. now owns 251,900 shares of the company’s stock valued at $5,247,000 after buying an additional 68,545 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Monness Crespi & Hardt downgraded shares of International Money Express from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Needham & Company LLC decreased their price target on International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Finally, UBS Group dropped their price objective on International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $24.50.

International Money Express Price Performance

NASDAQ IMXI opened at $12.26 on Friday. International Money Express, Inc. has a 1 year low of $11.78 and a 1 year high of $22.83. The business’s fifty day moving average is $15.79 and its two-hundred day moving average is $18.36. The stock has a market capitalization of $375.79 million, a P/E ratio of 6.85 and a beta of 1.01. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80.

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.