Ancora Advisors LLC Boosts Stock Holdings in International Money Express, Inc. $IMXI

Key Points

• Ancora Advisors LLC increased its stake in International Money Express, Inc. by 23.9% during the first quarter, now holding 145,618 shares valued at $1.84 million.
• Institutional investors own 86.71% of International Money Express stock, indicating significant corporate investment interest in the company.
• Analyst ratings for International Money Express reflect mixed sentiments, with a consensus rating of “Hold” and recent price targets ranging from $11.00 to $19.60.

Ancora Advisors LLC boosted its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 23.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,618 shares of the company's stock after buying an additional 28,109 shares during the quarter. Ancora Advisors LLC owned 0.48% of International Money Express worth $1,838,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Quarry LP acquired a new stake in shares of International Money Express in the first quarter valued at $31,000. GAMMA Investing LLC increased its holdings in International Money Express by 7,708.8% during the 1st quarter. GAMMA Investing LLC now owns 6,247 shares of the company's stock worth $790,000 after purchasing an additional 6,167 shares during the period. New York State Common Retirement Fund increased its holdings in International Money Express by 41.6% during the 1st quarter. New York State Common Retirement Fund now owns 10,218 shares of the company's stock worth $129,000 after purchasing an additional 3,000 shares during the period. Lazard Asset Management LLC raised its position in International Money Express by 6.1% in the 4th quarter. Lazard Asset Management LLC now owns 11,361 shares of the company's stock valued at $235,000 after purchasing an additional 654 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of International Money Express in the 1st quarter valued at about $161,000. Institutional investors and hedge funds own 86.71% of the company's stock.

International Money Express Stock Performance

Shares of IMXI stock traded down $0.01 during midday trading on Wednesday, hitting $14.49. The company had a trading volume of 33,534 shares, compared to its average volume of 441,000. The stock has a market cap of $430.12 million, a price-to-earnings ratio of 8.84 and a beta of 0.96. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.63. The company's 50 day simple moving average is $11.85 and its 200 day simple moving average is $12.04. International Money Express, Inc. has a 52-week low of $8.58 and a 52-week high of $22.37.

Analyst Ratings Changes

A number of brokerages have commented on IMXI. Wall Street Zen raised shares of International Money Express from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Northland Capmk cut International Money Express from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Zacks Research downgraded International Money Express from a "hold" rating to a "strong sell" rating in a research note on Monday, August 25th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $19.60.

About International Money Express

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel 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.