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

JPMorgan Chase & Co. increased its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 33.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 295,983 shares of the company’s stock after acquiring an additional 74,874 shares during the period. JPMorgan Chase & Co.’s holdings in International Money Express were worth $6,165,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC increased its holdings in shares of International Money Express by 137.1% in the 3rd quarter. Barclays PLC now owns 73,260 shares of the company’s stock worth $1,355,000 after buying an additional 42,367 shares during the last quarter. SkyView Investment Advisors LLC raised its position in International Money Express by 3.2% during the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock valued at $374,000 after purchasing an additional 637 shares in the last quarter. 272 Capital LP bought a new stake in International Money Express during the third quarter worth about $1,113,000. Principal Financial Group Inc. purchased a new position in shares of International Money Express in the 3rd quarter worth about $633,000. Finally, SG Americas Securities LLC increased its position in shares of International Money Express by 23.4% during the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock valued at $240,000 after purchasing an additional 2,182 shares during the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

International Money Express Stock Up 3.0 %

Shares of International Money Express stock opened at $12.37 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. International Money Express, Inc. has a 52-week low of $11.27 and a 52-week high of $22.38. The company’s 50 day moving average price is $14.26 and its 200-day moving average price is $17.85. The stock has a market capitalization of $379.17 million, a price-to-earnings ratio of 6.91 and a beta of 1.01.

International Money Express 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.