Janus Henderson Group PLC Reduces Stake in International Money Express, Inc. (NASDAQ:IMXI)

Janus Henderson Group PLC cut its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,129 shares of the company’s stock after selling 746 shares during the period. Janus Henderson Group PLC’s holdings in International Money Express were worth $539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. New South Capital Management Inc. bought a new position in shares of International Money Express during the 3rd quarter valued at approximately $17,055,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of International Money Express in the third quarter valued at $4,854,000. First Eagle Investment Management LLC raised its stake in shares of International Money Express by 46.9% in the second quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock valued at $9,946,000 after acquiring an additional 152,464 shares during the period. ArrowMark Colorado Holdings LLC boosted its stake in shares of International Money Express by 17.2% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company’s stock worth $18,396,000 after purchasing an additional 145,686 shares during the period. Finally, Millennium Management LLC grew its holdings in International Money Express by 92.6% during the 2nd quarter. Millennium Management LLC now owns 191,691 shares of the company’s stock valued at $3,995,000 after purchasing an additional 92,154 shares during the last quarter. 86.71% of the stock is owned by institutional investors.

International Money Express Price Performance

Shares of IMXI stock opened at $21.30 on Friday. International Money Express, Inc. has a twelve month low of $16.17 and a twelve month high of $23.28. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. The stock has a fifty day simple moving average of $19.57 and a two-hundred day simple moving average of $19.49. The stock has a market capitalization of $662.41 million, a price-to-earnings ratio of 11.90 and a beta of 0.88.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Needham & Company LLC raised their price objective on shares of International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets boosted their price objective on International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Monness Crespi & Hardt reduced their target price on International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Northland Securities boosted their target price on shares of International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Oppenheimer began coverage on shares of International Money Express in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.