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

Cubist Systematic Strategies LLC acquired a new position in International Money Express, Inc. (NASDAQ:IMXI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 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 reporting period.

Several other large investors have also recently added to or reduced their stakes in IMXI. LSV Asset Management lifted its stake in shares of International Money Express by 40.7% in the 4th quarter. LSV Asset Management now owns 1,082,780 shares of the company's stock worth $22,554,000 after acquiring an additional 313,303 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in International Money Express during the fourth quarter worth approximately $6,098,000. LPL Financial LLC acquired a new stake in International Money Express in the fourth quarter worth approximately $4,440,000. New South Capital Management Inc. boosted its stake in International Money Express by 22.7% during the 4th quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company's stock valued at $23,582,000 after purchasing an additional 209,711 shares in the last quarter. Finally, ExodusPoint Capital Management LP acquired a new position in shares of International Money Express during the 4th quarter valued at $2,516,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

International Money Express Trading Down 0.3%

Shares of NASDAQ:IMXI traded down $0.04 during midday trading on Monday, reaching $11.47. The company had a trading volume of 250,409 shares, compared to its average volume of 282,201. The company has a fifty day simple moving average of $12.30 and a two-hundred day simple moving average of $16.96. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market cap of $345.57 million, a price-to-earnings ratio of 6.41 and a beta of 1.23. International Money Express, Inc. has a 1-year low of $10.07 and a 1-year high of $22.38.

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.