Ancora Advisors LLC Boosts 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 International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 23.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quarry LP purchased a new position in International Money Express in the first quarter worth about $31,000. GAMMA Investing LLC lifted its position in International Money Express by 7,708.8% during the first quarter. GAMMA Investing LLC now owns 6,247 shares of the company's stock valued at $790,000 after purchasing an additional 6,167 shares in the last quarter. New York State Common Retirement Fund grew its holdings in International Money Express by 41.6% during the first quarter. New York State Common Retirement Fund now owns 10,218 shares of the company's stock valued at $129,000 after purchasing an additional 3,000 shares during the period. Lazard Asset Management LLC increased its position in International Money Express by 6.1% in the fourth quarter. Lazard Asset Management LLC now owns 11,361 shares of the company's stock worth $235,000 after buying an additional 654 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of International Money Express in the first quarter worth about $161,000. Institutional investors own 86.71% of the company's stock.

International Money Express Price Performance

IMXI traded up $0.06 during trading hours on Tuesday, hitting $14.50. The company's stock had a trading volume of 453,811 shares, compared to its average volume of 442,326. International Money Express, Inc. has a 12 month low of $8.58 and a 12 month high of $22.37. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.13. The business's 50-day moving average price is $11.77 and its 200-day moving average price is $12.02. The stock has a market cap of $430.36 million, a price-to-earnings ratio of 8.84 and a beta of 0.96.

Wall Street Analyst Weigh In

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

International Money Express Company Profile

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.