Principal Financial Group Inc. grew its position in International Money Express, Inc. (NASDAQ:IMXI – Free Report) by 38.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,284 shares of the company’s stock after buying an additional 5,041 shares during the period. Principal Financial Group Inc.’s holdings in International Money Express were worth $310,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC grew its position in International Money Express by 101.9% in the first quarter. FMR LLC now owns 1,070 shares of the company’s stock worth $28,000 after acquiring an additional 540 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of International Money Express during the 1st quarter worth $32,000. Penserra Capital Management LLC acquired a new stake in shares of International Money Express during the 1st quarter worth about $46,000. Advisor Group Holdings Inc. raised its holdings in International Money Express by 259.2% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,899 shares of the company’s stock valued at $71,000 after buying an additional 2,092 shares during the period. Finally, Captrust Financial Advisors lifted its position in International Money Express by 2,326.1% in the second quarter. Captrust Financial Advisors now owns 3,445 shares of the company’s stock valued at $71,000 after buying an additional 3,303 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on IMXI shares. UBS Group started coverage on shares of International Money Express in a research report on Friday, October 20th. They set a “neutral” rating and a $18.00 price target for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $30.00 target price (up previously from $28.00) on shares of International Money Express in a report on Tuesday, December 5th.
International Money Express Trading Up 1.8 %
Shares of IMXI stock opened at $21.41 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.98 and a current ratio of 1.98. International Money Express, Inc. has a fifty-two week low of $15.76 and a fifty-two week high of $28.24. The stock has a market capitalization of $746.57 million, a P/E ratio of 14.37 and a beta of 0.73. The company has a 50 day moving average price of $21.18 and a 200 day moving average price of $19.27.
International Money Express Company Profile
International Money Express, Inc, through its subsidiary, operates as a 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.
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