155,722 Shares of International Money Express, Inc. $IMXI Acquired by Kapitalo Investimentos Ltda

Key Points

• Kapitalo Investimentos Ltda acquired 155,722 shares of International Money Express, valued at approximately $1.8 million, representing about 0.52% of the company.
• Institutional ownership remains high at 86.71%, with BlackRock, HSBC, Polar Asset Management and others recently building positions.
• IMXI shares opened at $9.69, near their one-year low of $9.56 and below both moving averages. Analysts maintain a consensus “Sell” rating, with Weiss Ratings downgrading the stock to “Sell.”

Kapitalo Investimentos Ltda acquired a new position in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 155,722 shares of the company's stock, valued at approximately $1,803,000. Kapitalo Investimentos Ltda owned approximately 0.52% of International Money Express at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. purchased a new position in International Money Express in the second quarter valued at about $10,182,000. Bank of America Corp DE lifted its position in shares of International Money Express by 398.7% during the 1st quarter. Bank of America Corp DE now owns 102,951 shares of the company's stock valued at $1,627,000 after acquiring an additional 82,307 shares during the period. Hsbc Holdings PLC lifted its position in shares of International Money Express by 41.9% during the 2nd quarter. Hsbc Holdings PLC now owns 795,197 shares of the company's stock valued at $11,487,000 after acquiring an additional 234,612 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of International Money Express during the 2nd quarter worth approximately $1,120,000. Finally, BlackRock Inc. purchased a new stake in shares of International Money Express during the 2nd quarter worth approximately $33,315,000. Hedge funds and other institutional investors own 86.71% of the company's stock.

International Money Express Price Performance

Shares of NASDAQ:IMXI opened at $9.69 on Wednesday. The business's fifty day moving average price is $12.79 and its two-hundred day moving average price is $13.99. The stock has a market cap of $292.73 million, a PE ratio of 10.61 and a beta of 0.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.96 and a current ratio of 1.96. International Money Express, Inc. has a one year low of $9.56 and a one year high of $15.95.

Analysts Set New Price Targets

A number of research firms recently weighed in on IMXI. Weiss Ratings cut International Money Express from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, October 6th. Wall Street Zen raised International Money Express from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, International Money Express currently has a consensus rating of "Sell".

International Money Express Company Profile

International Money Express, Inc, operating under the Intermex brand, is a financial technology and money transfer company that provides cross-border payment services. The company enables consumers to send money internationally through retail agent locations, digital channels and other delivery methods.

Intermex primarily serves transfers from the United States, Canada and Spain to recipients in Mexico, Central and South America, and the Caribbean. Its services include cash-to-cash transfers, deposits to bank accounts and mobile wallets, bill payment, mobile phone top-ups and other payment-related products, depending on the destination market.

The company traces its operating history to 1994 and has developed a network of retail agents and digital distribution channels designed to support customers who send remittances to family members and other recipients abroad.

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