Cubist Systematic Strategies LLC Invests $472,000 in International Money Express, Inc. (NASDAQ:IMXI)

Cubist Systematic Strategies LLC purchased a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 22,652 shares of the company's stock, valued at approximately $472,000. Cubist Systematic Strategies LLC owned approximately 0.07% of International Money Express at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aquatic Capital Management LLC bought a new position in International Money Express in the 4th quarter worth $169,000. SG Americas Securities LLC raised its holdings in International Money Express by 23.4% in the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company's stock worth $240,000 after acquiring an additional 2,182 shares during the period. Jump Financial LLC bought a new position in International Money Express in the 4th quarter worth $281,000. Integrated Quantitative Investments LLC bought a new position in shares of International Money Express during the 4th quarter worth about $292,000. Finally, Wells Fargo & Company MN increased its holdings in shares of International Money Express by 51.0% during the 4th quarter. Wells Fargo & Company MN now owns 14,960 shares of the company's stock worth $312,000 after purchasing an additional 5,050 shares during the period. Institutional investors own 86.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. BMO Capital Markets downgraded shares of International Money Express from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $18.00 to $11.00 in a report on Friday, May 9th. Monness Crespi & Hardt downgraded shares of International Money Express from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Needham & Company LLC restated a "buy" rating and set a $20.00 price objective on shares of International Money Express in a report on Monday, April 7th. Finally, UBS Group dropped their price objective on shares of International Money Express from $17.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $20.50.

International Money Express Price Performance

Shares of International Money Express stock traded up $0.02 during trading on Thursday, hitting $11.09. 34,554 shares of the company's stock traded hands, compared to its average volume of 282,503. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. The firm's fifty day moving average price is $12.23 and its 200 day moving average price is $16.89. International Money Express, Inc. has a twelve month low of $10.07 and a twelve month high of $22.38. The company has a market cap of $334.00 million, a PE ratio of 6.20 and a beta of 1.23.

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.