INTERNATIONAL MONEY EXPRESS, INC. $IMXI Shares Bought by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC increased its stake in International Money Express by 113.2%, acquiring an additional 25,636 shares, bringing its total holdings to approximately 0.16% of the company, valued at $609,000.
• Wall Street analysts have mixed ratings on IMXI, with two giving a Buy rating, five a Hold, and one a Sell; the average target price is currently $19.60.
• International Money Express has a market cap of $429.77 million and its stock price opened at $14.48, with a 12 month low of $8.58 and a high of $22.37.

Cubist Systematic Strategies LLC raised its holdings in shares of INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI - Free Report) by 113.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,288 shares of the company's stock after purchasing an additional 25,636 shares during the period. Cubist Systematic Strategies LLC owned 0.16% of INTERNATIONAL MONEY EXPRESS worth $609,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP purchased a new position in INTERNATIONAL MONEY EXPRESS during the 1st quarter worth $31,000. New York State Common Retirement Fund grew its stake in shares of INTERNATIONAL MONEY EXPRESS by 41.6% during the first quarter. New York State Common Retirement Fund now owns 10,218 shares of the company's stock worth $129,000 after acquiring an additional 3,000 shares during the last quarter. Legato Capital Management LLC acquired a new position in shares of INTERNATIONAL MONEY EXPRESS during the first quarter valued at about $161,000. HighTower Advisors LLC purchased a new position in shares of INTERNATIONAL MONEY EXPRESS in the 1st quarter valued at approximately $161,000. Finally, Aigen Investment Management LP acquired a new stake in INTERNATIONAL MONEY EXPRESS in the 1st quarter worth approximately $196,000. Hedge funds and other institutional investors own 86.71% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IMXI. Wall Street Zen upgraded shares of INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Zacks Research downgraded INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Finally, Northland Capmk cut INTERNATIONAL MONEY EXPRESS from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, INTERNATIONAL MONEY EXPRESS presently has an average rating of "Hold" and a consensus price target of $19.60.

INTERNATIONAL MONEY EXPRESS Stock Performance

Shares of NASDAQ:IMXI traded up $0.01 during midday trading on Tuesday, reaching $14.51. The company's stock had a trading volume of 312,985 shares, compared to its average volume of 448,103. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. The stock has a fifty day moving average of $12.24 and a 200 day moving average of $11.97. INTERNATIONAL MONEY EXPRESS, INC. has a twelve month low of $8.58 and a twelve month high of $22.37. The firm has a market capitalization of $430.66 million, a PE ratio of 8.85 and a beta of 0.96.

INTERNATIONAL MONEY EXPRESS 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.