ArrowMark Colorado Holdings LLC Has $18.40 Million Position in International Money Express, Inc. (NASDAQ:IMXI)

ArrowMark Colorado Holdings LLC boosted its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 17.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 994,925 shares of the company’s stock after buying an additional 145,686 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 3.20% of International Money Express worth $18,396,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. nVerses Capital LLC increased its position in shares of International Money Express by 133.3% during the third quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $39,000 after acquiring an additional 1,200 shares in the last quarter. CWM LLC raised its stake in shares of International Money Express by 201.7% in the second quarter. CWM LLC now owns 3,394 shares of the company’s stock worth $71,000 after purchasing an additional 2,269 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of International Money Express in the second quarter valued at approximately $91,000. Quarry LP boosted its position in shares of International Money Express by 113.7% during the second quarter. Quarry LP now owns 4,760 shares of the company’s stock valued at $99,000 after buying an additional 2,533 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of International Money Express by 1,277.5% in the second quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock valued at $126,000 after purchasing an additional 5,621 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Stock Performance

International Money Express stock opened at $21.07 on Monday. International Money Express, Inc. has a twelve month low of $16.17 and a twelve month high of $23.28. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $655.26 million, a P/E ratio of 11.77 and a beta of 0.82. The stock’s 50 day moving average is $18.93 and its 200 day moving average is $19.44.

Analyst Ratings Changes

IMXI has been the subject of several research analyst reports. Needham & Company LLC raised their target price on International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Monness Crespi & Hardt dropped their price objective on International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Oppenheimer initiated coverage on shares of International Money Express in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. BTIG Research reiterated a “neutral” rating on shares of International Money Express in a research report on Wednesday, August 7th. Finally, BMO Capital Markets raised their price target on International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $27.00.

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.