Groupe la Francaise Has $1.78 Million Stock Position in International Money Express, Inc. $IMXI

Groupe la Francaise lessened its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 32.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 122,941 shares of the company’s stock after selling 60,000 shares during the quarter. Groupe la Francaise owned 0.41% of International Money Express worth $1,776,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System increased its position in International Money Express by 274.6% during the second quarter. California State Teachers Retirement System now owns 5,563 shares of the company’s stock worth $80,000 after acquiring an additional 4,078 shares during the period. NINE MASTS CAPITAL Ltd bought a new stake in International Money Express in the 2nd quarter valued at about $566,000. Hsbc Holdings PLC grew its position in shares of International Money Express by 41.9% during the 2nd quarter. Hsbc Holdings PLC now owns 795,197 shares of the company’s stock worth $11,487,000 after purchasing an additional 234,612 shares in the last quarter. Glazer Capital LLC acquired a new position in shares of International Money Express during the 2nd quarter worth approximately $3,413,000. Finally, PenderFund Capital Management Ltd. bought a new position in shares of International Money Express during the second quarter worth approximately $178,000. Institutional investors own 86.71% of the company’s stock.

International Money Express Stock Performance

Shares of International Money Express stock opened at $14.51 on Tuesday. The firm’s 50 day moving average is $13.62 and its 200 day moving average is $14.81. The firm has a market capitalization of $438.35 million, a PE ratio of 23.40 and a beta of 0.77. International Money Express, Inc. has a 1 year low of $11.15 and a 1 year high of $15.95. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.76.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of International Money Express from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings lowered International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

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.