Man Group plc Takes Position in International Money Express, Inc. $IMXI

Man Group plc acquired a new position in International Money Express, Inc. (NASDAQ:IMXI) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,252,360 shares of the company’s stock, valued at approximately $18,097,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Creative Planning acquired a new stake in International Money Express during the second quarter valued at approximately $272,000. Norges Bank acquired a new position in International Money Express in the second quarter worth approximately $1,124,000. Quantbot Technologies LP increased its holdings in shares of International Money Express by 35.5% in the second quarter. Quantbot Technologies LP now owns 32,423 shares of the company’s stock valued at $327,000 after buying an additional 8,487 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of International Money Express by 2.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 287,744 shares of the company’s stock valued at $2,903,000 after buying an additional 7,256 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of International Money Express by 2.1% during the 2nd quarter. First Trust Advisors LP now owns 93,410 shares of the company’s stock valued at $943,000 after acquiring an additional 1,881 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors.

International Money Express Price Performance

IMXI stock opened at $14.49 on Friday. International Money Express, Inc. has a one year low of $11.15 and a one year high of $15.95. The firm has a 50-day moving average of $13.56 and a two-hundred day moving average of $14.86. The firm has a market capitalization of $437.74 million, a PE ratio of 23.37 and a beta of 0.76. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.76.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised International Money Express from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings raised International Money Express from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

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.