JPMorgan Chase & Co. Purchases 74,874 Shares of International Money Express, Inc. (NASDAQ:IMXI)

JPMorgan Chase & Co. raised its position in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 33.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 295,983 shares of the company's stock after purchasing an additional 74,874 shares during the quarter. JPMorgan Chase & Co. owned 0.95% of International Money Express worth $6,165,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of IMXI. LPL Financial LLC bought a new position in International Money Express in the fourth quarter valued at about $4,440,000. New South Capital Management Inc. raised its position in International Money Express by 22.7% in the fourth quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company's stock valued at $23,582,000 after purchasing an additional 209,711 shares during the last quarter. Royce & Associates LP raised its position in shares of International Money Express by 15.7% during the fourth quarter. Royce & Associates LP now owns 644,710 shares of the company's stock worth $13,429,000 after acquiring an additional 87,521 shares during the last quarter. American Century Companies Inc. raised its position 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 acquiring an additional 68,545 shares during the last quarter. Finally, 272 Capital LP bought a new position in shares of International Money Express during the third quarter worth about $1,113,000. 86.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

IMXI has been the subject of a number of analyst reports. Needham & Company LLC restated a "buy" rating and set a $20.00 price objective on shares of International Money Express in a research report on Monday, April 7th. UBS Group lowered their price objective on International Money Express from $22.00 to $17.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Finally, Monness Crespi & Hardt downgraded International Money Express from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $24.50.

International Money Express Stock Up 1.7 %

NASDAQ IMXI traded up $0.21 on Wednesday, hitting $12.58. 28,725 shares of the company were exchanged, compared to its average volume of 275,654. The company has a market cap of $385.60 million, a PE ratio of 7.03 and a beta of 1.01. International Money Express, Inc. has a 12 month low of $11.27 and a 12 month high of $22.38. The stock has a fifty day moving average of $13.89 and a 200-day moving average of $17.74. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12.

About International Money Express

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.