Y Intercept Hong Kong Ltd Purchases New Shares in International Money Express, Inc. (NASDAQ:IMXI)

Y Intercept Hong Kong Ltd purchased a new position in International Money Express, Inc. (NASDAQ:IMXI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 33,818 shares of the company's stock, valued at approximately $427,000. Y Intercept Hong Kong Ltd owned approximately 0.11% of International Money Express at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in IMXI. American Century Companies Inc. boosted its holdings in shares of International Money Express by 37.4% during the fourth quarter. American Century Companies Inc. now owns 251,900 shares of the company's stock worth $5,247,000 after purchasing an additional 68,545 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of International Money Express in the fourth quarter worth $429,000. LPL Financial LLC purchased a new stake in shares of International Money Express during the fourth quarter worth $4,440,000. JPMorgan Chase & Co. raised its holdings in shares of International Money Express by 33.9% during the fourth quarter. JPMorgan Chase & Co. now owns 295,983 shares of the company's stock worth $6,165,000 after acquiring an additional 74,874 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of International Money Express during the fourth quarter worth $6,098,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on IMXI shares. BMO Capital Markets lowered International Money Express from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $18.00 to $11.00 in a report on Friday, May 9th. UBS Group cut their price objective on International Money Express from $17.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price objective on shares of International Money Express in a research report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, International Money Express currently has a consensus rating of "Hold" and a consensus price target of $19.60.

International Money Express Stock Down 3.3%

IMXI traded down $0.29 during midday trading on Friday, hitting $8.70. 147,320 shares of the company's stock traded hands, compared to its average volume of 324,843. The company has a market cap of $261.99 million, a PE ratio of 5.14 and a beta of 1.04. The stock's fifty day simple moving average is $10.36 and its 200-day simple moving average is $13.29. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.75 and a quick ratio of 1.75. International Money Express, Inc. has a one year low of $8.58 and a one year high of $22.38.

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.