Jane Street Group LLC Has $539,000 Stake in International Money Express, Inc. (NASDAQ:IMXI)

Jane Street Group LLC reduced its stake in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 59.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,898 shares of the company's stock after selling 37,639 shares during the period. Jane Street Group LLC owned 0.08% of International Money Express worth $539,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of IMXI. Aquatic Capital Management LLC bought a new position in International Money Express during the 4th quarter worth $169,000. SG Americas Securities LLC raised its position in shares of 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 in the last quarter. Jump Financial LLC bought a new position in shares of International Money Express in the 4th quarter worth about $281,000. Integrated Quantitative Investments LLC bought a new position in shares of International Money Express in the 4th quarter worth about $292,000. Finally, Wells Fargo & Company MN raised its position in shares of International Money Express by 51.0% in the 4th quarter. Wells Fargo & Company MN now owns 14,960 shares of the company's stock worth $312,000 after acquiring an additional 5,050 shares in the last quarter. 86.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. BMO Capital Markets lowered International Money Express from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $18.00 to $11.00 in a research report on Friday, May 9th. UBS Group lowered their price objective on 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, Needham & Company LLC reissued a "buy" rating and issued a $20.00 price objective on shares of International Money Express in a research report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $20.50.

International Money Express Stock Down 0.5%

Shares of IMXI traded down $0.05 during trading hours on Monday, hitting $10.98. The stock had a trading volume of 260,615 shares, compared to its average volume of 288,886. 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 has a 50 day simple moving average of $11.84 and a 200-day simple moving average of $16.33. The firm has a market capitalization of $330.81 million, a P/E ratio of 6.13 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.