M&T Bank Corp Has $1.96 Million Position in International Money Express, Inc. (NASDAQ:IMXI)

M&T Bank Corp raised its stake in International Money Express, Inc. (NASDAQ:IMXI) by 29.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 105,754 shares of the company’s stock after buying an additional 24,175 shares during the quarter. M&T Bank Corp’s holdings in International Money Express were worth $1,955,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. nVerses Capital LLC increased its stake in shares of International Money Express by 133.3% in 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 during the last quarter. CWM LLC grew its stake in International Money Express by 201.7% in the second quarter. CWM LLC now owns 3,394 shares of the company’s stock valued at $71,000 after purchasing an additional 2,269 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in International Money Express in the 2nd quarter worth about $91,000. Quarry LP raised its stake in shares of International Money Express by 113.7% during the 2nd quarter. Quarry LP now owns 4,760 shares of the company’s stock worth $99,000 after purchasing an additional 2,533 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of International Money Express by 1,277.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock worth $126,000 after purchasing an additional 5,621 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on IMXI shares. Monness Crespi & Hardt lowered their price target on International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Needham & Company LLC boosted their target price on shares of International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Oppenheimer assumed coverage on shares of International Money Express in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. BMO Capital Markets upped their price objective on shares of International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, Northland Securities increased their target price on shares of International Money Express from $23.00 to $27.00 and gave the stock 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 given a buy rating to the company. According to data from MarketBeat.com, International Money Express currently has an average rating of “Moderate Buy” and an average target price of $27.00.

International Money Express Trading Down 1.3 %

NASDAQ:IMXI opened at $21.30 on Friday. 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’s 50 day moving average is $19.57 and its 200-day moving average is $19.49. The firm has a market cap of $662.41 million, a price-to-earnings ratio of 11.90 and a beta of 0.88. International Money Express, Inc. has a 12 month low of $16.17 and a 12 month high of $23.28.

International Money Express Company Profile

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.