INTERNATIONAL MONEY EXPRESS, INC. $IMXI is Breach Inlet Capital Management LLC's 10th Largest Position

Key Points

• Breach Inlet Capital Management LLC increased its stake in International Money Express by 32.8%, making it the company's 10th largest position.
• The stock is currently 86.71% owned by institutional investors, indicating strong institutional interest.
• Wall Street analysts have varied opinions on the stock, with a consensus rating of "Hold" and a price target range from $12.00 to $19.60.

Breach Inlet Capital Management LLC increased its position in shares of INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI - Free Report) by 32.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 679,132 shares of the company's stock after purchasing an additional 167,887 shares during the period. INTERNATIONAL MONEY EXPRESS accounts for approximately 4.9% of Breach Inlet Capital Management LLC's portfolio, making the stock its 10th largest position. Breach Inlet Capital Management LLC owned 2.25% of INTERNATIONAL MONEY EXPRESS worth $8,571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Quarry LP acquired a new position in shares of INTERNATIONAL MONEY EXPRESS during the 1st quarter worth about $31,000. New York State Common Retirement Fund lifted its stake in 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 purchasing an additional 3,000 shares during the last quarter. Legato Capital Management LLC purchased a new stake in INTERNATIONAL MONEY EXPRESS during the first quarter worth approximately $161,000. HighTower Advisors LLC acquired a new position in INTERNATIONAL MONEY EXPRESS in the first quarter valued at approximately $161,000. Finally, Aigen Investment Management LP purchased a new position in INTERNATIONAL MONEY EXPRESS in the first quarter valued at approximately $196,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

INTERNATIONAL MONEY EXPRESS Trading Up 0.1%

NASDAQ IMXI opened at $14.52 on Wednesday. The firm's fifty day moving average is $11.41 and its two-hundred day moving average is $12.17. INTERNATIONAL MONEY EXPRESS, INC. has a one year low of $8.58 and a one year high of $22.37. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market cap of $430.95 million, a PE ratio of 8.85 and a beta of 0.96.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IMXI. UBS Group cut 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. BMO Capital Markets cut shares of INTERNATIONAL MONEY EXPRESS from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $18.00 to $11.00 in a research report on Friday, May 9th. 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 lowered INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "strong sell" rating in a 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 equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target 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.

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