Cubist Systematic Strategies LLC Has $609,000 Stock Position in International Money Express, Inc. $IMXI

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 boosted its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 113.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,288 shares of the company's stock after buying an additional 25,636 shares during the period. Cubist Systematic Strategies LLC owned about 0.16% of International Money Express worth $609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of IMXI. Voss Capital LP lifted its stake in International Money Express by 6.7% during the first quarter. Voss Capital LP now owns 1,947,854 shares of the company's stock worth $24,582,000 after purchasing an additional 122,854 shares during the period. LSV Asset Management lifted its position in shares of International Money Express by 4.0% during the 1st quarter. LSV Asset Management now owns 1,126,303 shares of the company's stock worth $14,214,000 after buying an additional 43,523 shares during the period. Royce & Associates LP lifted its position in shares of International Money Express by 0.6% during the 1st quarter. Royce & Associates LP now owns 648,711 shares of the company's stock worth $8,187,000 after buying an additional 4,001 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in International Money Express by 92.8% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 537,740 shares of the company's stock valued at $6,786,000 after buying an additional 258,820 shares in the last quarter. Finally, American Century Companies Inc. grew its position in International Money Express by 45.7% in the first quarter. American Century Companies Inc. now owns 367,139 shares of the company's stock valued at $4,633,000 after acquiring an additional 115,239 shares during the period. Institutional investors own 86.71% of the company's stock.

International Money Express Trading Down 0.1%

IMXI stock traded down $0.02 during midday trading on Friday, reaching $14.50. The company's stock had a trading volume of 302,658 shares, compared to its average volume of 502,400. The business's 50-day simple moving average is $12.07 and its 200-day simple moving average is $12.01. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. International Money Express, Inc. has a 52 week low of $8.58 and a 52 week high of $22.37. The stock has a market cap of $430.42 million, a PE ratio of 8.84 and a beta of 0.96.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on IMXI shares. Zacks Research lowered shares of International Money Express from a "hold" rating to a "strong sell" rating in a report on Monday, August 25th. Wall Street Zen raised shares of International Money Express from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, Northland Capmk lowered shares of International Money Express from a "strong-buy" rating to a "hold" rating in a 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 company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $19.60.

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.