Hsbc Holdings PLC Purchases 343,381 Shares of International Money Express, Inc. $IMXI

Hsbc Holdings PLC boosted its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 158.1% during the 1st quarter, HoldingsChannel reports. The firm owned 560,585 shares of the company’s stock after buying an additional 343,381 shares during the period. Hsbc Holdings PLC’s holdings in International Money Express were worth $8,860,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of IMXI. Alliancebernstein L.P. lifted its holdings in shares of International Money Express by 6,041.0% in the 3rd quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company’s stock worth $28,791,000 after buying an additional 2,027,344 shares during the period. Magnetar Financial LLC increased its stake in shares of International Money Express by 2.4% during the fourth quarter. Magnetar Financial LLC now owns 1,916,571 shares of the company’s stock valued at $29,439,000 after buying an additional 44,596 shares during the period. Man Group plc raised its holdings in shares of International Money Express by 103.4% in the fourth quarter. Man Group plc now owns 1,153,023 shares of the company’s stock valued at $17,710,000 after acquiring an additional 586,044 shares in the last quarter. Fort Baker Capital Management LP bought a new stake in shares of International Money Express in the fourth quarter valued at about $14,616,000. Finally, Goldman Sachs Group Inc. lifted its stake in International Money Express by 24.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 482,752 shares of the company’s stock worth $7,415,000 after acquiring an additional 94,110 shares during the period. 86.71% of the stock is owned by institutional investors.

International Money Express Trading Up 1.1%

IMXI opened at $13.22 on Thursday. The firm has a market cap of $397.79 million, a price-to-earnings ratio of 15.55 and a beta of 0.75. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 1.57. International Money Express, Inc. has a 12 month low of $8.58 and a 12 month high of $15.95. The stock has a fifty day moving average price of $14.56 and a 200-day moving average price of $15.29.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.28). International Money Express had a net margin of 4.34% and a return on equity of 23.26%. The company had revenue of $121.95 million for the quarter, compared to the consensus estimate of $141.02 million. As a group, equities research analysts anticipate that International Money Express, Inc. will post 1.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on IMXI shares. Weiss Ratings cut shares of International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Wall Street Zen cut shares of International Money Express from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

International Money Express Company Profile

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.