Bank of New York Mellon Corp Takes $1.12 Million Position in International Money Express, Inc. $IMXI

Key Points

• Bank of New York Mellon purchased 77,523 shares of International Money Express in the second quarter, valued at approximately $1.12 million, giving it a 0.26% stake.
• Several institutional investors increased or initiated positions in IMXI, and institutions collectively own 86.71% of the company’s outstanding shares.
• Analyst sentiment remains cautious: IMXI has an average “Reduce” rating, with one analyst rating it “Hold” and another “Sell.” The stock recently opened at $14.07, compared with a 52-week range of $11.15 to $15.95.

Bank of New York Mellon Corp purchased a new position in International Money Express, Inc. (NASDAQ:IMXI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 77,523 shares of the company's stock, valued at approximately $1,120,000. Bank of New York Mellon Corp owned 0.26% of International Money Express as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IMXI. Carmignac Gestion increased its position in shares of International Money Express by 202.7% during the first quarter. Carmignac Gestion now owns 138,650 shares of the company's stock valued at $2,191,000 after buying an additional 92,848 shares during the period. Bank of America Corp DE lifted its holdings in International Money Express by 398.7% in the first quarter. Bank of America Corp DE now owns 102,951 shares of the company's stock worth $1,627,000 after buying an additional 82,307 shares during the period. Capula Management Ltd bought a new stake in International Money Express during the 1st quarter valued at approximately $9,957,000. Hsbc Holdings PLC boosted its position in International Money Express by 158.1% during the 1st quarter. Hsbc Holdings PLC now owns 560,585 shares of the company's stock valued at $8,860,000 after acquiring an additional 343,381 shares in the last quarter. Finally, Caxton Associates LLP purchased a new position in shares of International Money Express during the 1st quarter worth approximately $1,245,000. Institutional investors own 86.71% of the company's stock.

Analyst Ratings Changes

IMXI has been the subject of several research reports. Weiss Ratings lowered International Money Express from a "hold (c)" rating to a "sell (d+)" rating in a research report on Friday, September 4th. Wall Street Zen upgraded International Money Express from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, International Money Express presently has an average rating of "Reduce".

International Money Express Price Performance

Shares of NASDAQ:IMXI opened at $14.07 on Friday. International Money Express, Inc. has a 1-year low of $11.15 and a 1-year high of $15.95. 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 fifty day moving average price of $13.61 and a 200-day moving average price of $14.78. The company has a market capitalization of $425.05 million, a PE ratio of 22.69 and a beta of 0.77.

International Money Express Company Profile

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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