Groupe la Francaise Has $1.78 Million Holdings in International Money Express, Inc. $IMXI

Groupe la Francaise decreased its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 32.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 122,941 shares of the company’s stock after selling 60,000 shares during the period. Groupe la Francaise’s holdings in International Money Express were worth $1,776,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Legal & General Group Plc acquired a new stake in International Money Express during the 2nd quarter valued at approximately $40,000. Raymond James Financial Inc. bought a new stake in International Money Express during the second quarter valued at $40,000. Longfellow Investment Management Co. LLC bought a new stake in International Money Express during the second quarter valued at $70,000. California State Teachers Retirement System grew its holdings in International Money Express by 274.6% during the 2nd quarter. California State Teachers Retirement System now owns 5,563 shares of the company’s stock worth $80,000 after acquiring an additional 4,078 shares during the period. Finally, Parallel Advisors LLC grew its holdings in International Money Express by 123.5% during the 1st quarter. Parallel Advisors LLC now owns 6,953 shares of the company’s stock worth $110,000 after acquiring an additional 3,842 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Stock Performance

NASDAQ IMXI opened at $14.51 on Tuesday. The company has a fifty day simple moving average of $13.62 and a 200 day simple moving average of $14.81. International Money Express, Inc. has a 12-month low of $11.15 and a 12-month high of $15.95. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.76. The company has a market cap of $438.35 million, a P/E ratio of 23.40 and a beta of 0.77.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IMXI. Weiss Ratings downgraded International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday. Wall Street Zen upgraded International Money Express from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average 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.