Assenagon Asset Management S.A. Grows Holdings in International Money Express, Inc. $IMXI

Assenagon Asset Management S.A. grew its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 2,440.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 340,402 shares of the company’s stock after acquiring an additional 327,005 shares during the quarter. Assenagon Asset Management S.A.’s holdings in International Money Express were worth $5,229,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Polar Asset Management Partners Inc. acquired a new stake in International Money Express during the 3rd quarter worth approximately $2,096,000. Alpine Associates Management Inc. purchased a new position in shares of International Money Express in the 3rd quarter valued at approximately $5,848,000. Credit Industriel ET Commercial acquired a new position in shares of International Money Express in the third quarter valued at approximately $1,006,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of International Money Express during the third quarter worth approximately $2,673,000. Finally, Olympiad Research LP purchased a new stake in shares of International Money Express during the third quarter worth approximately $964,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Price Performance

Shares of NASDAQ:IMXI opened at $15.79 on Friday. The firm has a market capitalization of $475.91 million, a price-to-earnings ratio of 14.62 and a beta of 0.86. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.51 and a quick ratio of 2.51. The business’s 50 day simple moving average is $15.65 and its 200-day simple moving average is $15.21. International Money Express, Inc. has a 12 month low of $8.58 and a 12 month high of $15.90.

International Money Express (NASDAQ:IMXI) last posted its earnings results on Friday, March 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.12). International Money Express had a net margin of 5.38% and a return on equity of 29.00%. The firm had revenue of $147.41 million during the quarter, compared to analyst estimates of $162.95 million. As a group, equities analysts forecast that International Money Express, Inc. will post 1.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, International Money Express has a consensus rating of “Hold” and an average price target of $14.33.

International Money Express 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.