922,396 Shares in International Money Express, Inc. (NASDAQ:IMXI) Bought by New South Capital Management Inc.

New South Capital Management Inc. purchased a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 922,396 shares of the company’s stock, valued at approximately $17,055,000. New South Capital Management Inc. owned about 2.83% of International Money Express at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. First Eagle Investment Management LLC raised its position in International Money Express by 46.9% during the second quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock valued at $9,946,000 after purchasing an additional 152,464 shares in the last quarter. Millennium Management LLC boosted its position in International Money Express by 92.6% during the second quarter. Millennium Management LLC now owns 191,691 shares of the company’s stock valued at $3,995,000 after buying an additional 92,154 shares during the period. Samson Rock Capital LLP purchased a new position in shares of International Money Express in the third quarter worth about $1,276,000. Renaissance Technologies LLC boosted its holdings in International Money Express by 83.8% during the 2nd quarter. Renaissance Technologies LLC now owns 130,700 shares of the company’s stock valued at $2,724,000 after acquiring an additional 59,600 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in International Money Express by 95.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 97,072 shares of the company’s stock worth $2,217,000 after purchasing an additional 47,385 shares during the period. 86.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IMXI has been the topic of a number of recent analyst reports. BTIG Research reissued a “neutral” rating on shares of International Money Express in a report on Wednesday, August 7th. Monness Crespi & Hardt cut 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 upped their price target on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday. Oppenheimer initiated coverage on International Money Express in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Needham & Company LLC upped their target price on International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday. Two equities research 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 currently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

International Money Express Stock Down 0.6 %

IMXI traded down $0.12 on Tuesday, hitting $21.48. The company had a trading volume of 9,700 shares, compared to its average volume of 256,597. The stock has a fifty day simple moving average of $18.08 and a 200-day simple moving average of $19.36. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $700.46 million, a P/E ratio of 12.07 and a beta of 0.82. International Money Express, Inc. has a 52-week low of $16.17 and a 52-week 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.