XTX Topco Ltd Purchases New Shares in International Money Express, Inc. $IMXI

XTX Topco Ltd acquired a new position in shares of International Money Express, Inc. (NASDAQ:IMXI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 52,193 shares of the company’s stock, valued at approximately $527,000. XTX Topco Ltd owned 0.17% of International Money Express at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new position in shares of International Money Express in the first quarter valued at about $31,000. Parallel Advisors LLC boosted 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 purchasing an additional 3,033 shares during the period. CWM LLC grew its position 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 worth $67,000 after purchasing an additional 4,312 shares in the last quarter. EMC Capital Management bought a new position in shares of International Money Express during the second quarter worth approximately $92,000. Finally, Hikari Tsushin Inc. bought a new position in shares of International Money Express during the second quarter worth approximately $127,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded International Money Express from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Northland Capmk cut International Money Express from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Zacks Research upgraded International Money Express from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of International Money Express in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, International Money Express currently has a consensus rating of “Hold” and an average price target of $14.33.

International Money Express Stock Down 0.1%

Shares of IMXI opened at $15.35 on Friday. The firm has a 50 day simple moving average of $14.83 and a two-hundred day simple moving average of $12.85. The company has a market cap of $456.20 million, a P/E ratio of 11.99 and a beta of 0.87. International Money Express, Inc. has a one year low of $8.58 and a one year high of $22.30. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.03 and a quick ratio of 2.03.

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.