Skandinaviska Enskilda Banken AB publ Acquires New Position in International Money Express, Inc. $IMXI

Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 42,500 shares of the company’s stock, valued at approximately $594,000. Skandinaviska Enskilda Banken AB publ owned approximately 0.14% of International Money Express at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of International Money Express in the 2nd quarter valued at $40,000. CWM LLC lifted its position in shares of International Money Express by 186.5% during the 2nd quarter. CWM LLC now owns 6,624 shares of the company’s stock worth $67,000 after buying an additional 4,312 shares during the last quarter. EMC Capital Management acquired a new stake in International Money Express in the second quarter valued at about $92,000. New York State Common Retirement Fund grew its position in International Money Express by 7,457.6% in the third quarter. New York State Common Retirement Fund now owns 8,918 shares of the company’s stock valued at $125,000 after acquiring an additional 8,800 shares during the last quarter. Finally, Hikari Tsushin Inc. bought a new position in International Money Express in the second quarter valued at about $127,000. 86.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of International Money Express in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, International Money Express currently has an average rating of “Hold” and a consensus price target of $14.33.

International Money Express Trading Up 1.2%

NASDAQ IMXI opened at $15.69 on Friday. The company has a market cap of $466.31 million, a price-to-earnings ratio of 12.26 and a beta of 0.87. International Money Express, Inc. has a twelve month low of $8.58 and a twelve month high of $18.48. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.17. The business’s fifty day moving average is $15.47 and its 200 day moving average is $14.88.

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.