International Money Express (NASDAQ:IMXI) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded International Money Express from “Sell” to “Hold,” while Weiss Ratings reaffirmed a “Sell” rating; the stock’s consensus rating remains “Reduce.”
• IMXI opened at $14.59, with a market capitalization of approximately $440.8 million and a one-year trading range of $11.15 to $15.95.
• Institutional investors and hedge funds own 86.71% of the company, with several firms—including HSBC and Carmignac Gestion—recently increasing their positions.

International Money Express (NASDAQ:IMXI - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reissued a "sell (d+)" rating on shares of International Money Express in a report on Friday, August 7th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce".

International Money Express Price Performance

IMXI opened at $14.59 on Friday. The company has a market capitalization of $440.76 million, a P/E ratio of 23.53 and a beta of 0.76. The company has a 50-day moving average of $13.65 and a 200-day moving average of $14.94. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.84 and a current ratio of 1.96. International Money Express has a 1-year low of $11.15 and a 1-year high of $15.95.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of IMXI. Carlson Capital L.P. bought a new position in International Money Express in the fourth quarter worth about $998,000. Hsbc Holdings PLC lifted its holdings in shares of International Money Express by 158.1% in the 1st quarter. Hsbc Holdings PLC now owns 560,585 shares of the company's stock worth $8,860,000 after purchasing an additional 343,381 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of International Money Express in the 1st quarter worth approximately $1,245,000. Carmignac Gestion boosted its position in International Money Express by 202.7% during the 1st quarter. Carmignac Gestion now owns 138,650 shares of the company's stock valued at $2,191,000 after purchasing an additional 92,848 shares during the period. Finally, Gabelli Funds LLC boosted its position in International Money Express by 20.2% during the 4th quarter. Gabelli Funds LLC now owns 380,245 shares of the company's stock valued at $5,841,000 after purchasing an additional 63,950 shares during the period. 86.71% of the stock is owned by institutional investors and hedge funds.

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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