Polar Asset Management Partners Inc. purchased a new position in International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 704,613 shares of the company's stock, valued at approximately $10,182,000. Polar Asset Management Partners Inc. owned approximately 2.33% of International Money Express at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning purchased a new stake in shares of International Money Express in the 2nd quarter valued at approximately $272,000. Norges Bank acquired a new stake in International Money Express during the 2nd quarter valued at $1,124,000. Quantbot Technologies LP lifted its holdings in shares of International Money Express by 35.5% in the second quarter. Quantbot Technologies LP now owns 32,423 shares of the company's stock valued at $327,000 after purchasing an additional 8,487 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of International Money Express by 2.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 287,744 shares of the company's stock valued at $2,903,000 after purchasing an additional 7,256 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of International Money Express by 2.1% in the second quarter. First Trust Advisors LP now owns 93,410 shares of the company's stock worth $943,000 after buying an additional 1,881 shares during the period. Institutional investors and hedge funds own 86.71% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on IMXI. Weiss Ratings upgraded International Money Express from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday. Wall Street Zen raised shares of International Money Express from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".
View Our Latest Stock Report on IMXI
International Money Express Trading Down 0.8%
Shares of NASDAQ IMXI opened at $14.08 on Wednesday. The business has a 50 day simple moving average of $13.57 and a 200 day simple moving average of $14.88. International Money Express, Inc. has a 52 week low of $11.15 and a 52 week high of $15.95. The stock has a market cap of $425.36 million, a price-to-earnings ratio of 22.71 and a beta of 0.76. 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 Company 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.
Further Reading
Want to see what other hedge funds are holding IMXI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Money Express, Inc. (NASDAQ:IMXI - Free Report).
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