Alberta Investment Management Corp purchased a new stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 773,196 shares of the company's stock, valued at approximately $11,173,000. Alberta Investment Management Corp owned approximately 2.57% of International Money Express at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Creative Planning acquired a new position in shares of International Money Express during the 2nd quarter worth approximately $272,000. Norges Bank purchased a new stake in International Money Express in the 2nd quarter valued at approximately $1,124,000. Quantbot Technologies LP grew its holdings in International Money Express by 35.5% during the 2nd quarter. Quantbot Technologies LP now owns 32,423 shares of the company's stock valued at $327,000 after buying an additional 8,487 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in International Money Express by 2.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 287,744 shares of the company's stock valued at $2,903,000 after buying an additional 7,256 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in International Money Express by 2.1% during the 2nd quarter. First Trust Advisors LP now owns 93,410 shares of the company's stock valued at $943,000 after buying an additional 1,881 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on IMXI shares. Weiss Ratings reissued a "sell (d+)" rating on shares of International Money Express in a report on Friday, August 7th. Wall Street Zen raised International Money Express from a "sell" rating to a "hold" rating in a research note on Saturday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, International Money Express has a consensus rating of "Reduce".
View Our Latest Report on International Money Express
International Money Express Stock Performance
Shares of NASDAQ:IMXI opened at $14.59 on Monday. The firm has a market capitalization of $440.76 million, a PE ratio of 23.53 and a beta of 0.76. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.96 and a quick ratio of 1.96. The business has a 50-day moving average of $13.65 and a two-hundred day moving average of $14.94. International Money Express, Inc. has a 12 month low of $11.15 and a 12 month high of $15.95.
International Money Express Profile
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Free Report)
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.
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