Public Employees Retirement System of Ohio Grows Stock Position in International Money Express, Inc. (NASDAQ:IMXI)

Public Employees Retirement System of Ohio grew its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 31.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 326,180 shares of the company's stock after purchasing an additional 77,515 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 1.05% of International Money Express worth $6,794,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in IMXI. Aquatic Capital Management LLC purchased a new position in shares of International Money Express during the 4th quarter valued at about $169,000. Lazard Asset Management LLC increased its stake in shares of International Money Express by 6.1% during the fourth quarter. Lazard Asset Management LLC now owns 11,361 shares of the company's stock valued at $235,000 after buying an additional 654 shares during the period. SG Americas Securities LLC increased its stake in shares of International Money Express by 23.4% during the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company's stock valued at $240,000 after buying an additional 2,182 shares during the period. Jump Financial LLC bought a new stake in shares of International Money Express during the fourth quarter valued at approximately $281,000. Finally, Integrated Quantitative Investments LLC bought a new stake in shares of International Money Express during the fourth quarter valued at approximately $292,000. 86.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. BMO Capital Markets downgraded International Money Express from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $18.00 to $11.00 in a report on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price objective on shares of International Money Express in a research note on Monday, April 7th. Finally, UBS Group dropped their price target on International Money Express from $17.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, International Money Express presently has an average rating of "Hold" and an average target price of $20.50.

International Money Express Stock Performance

IMXI traded up $0.06 on Friday, reaching $11.05. 830,316 shares of the stock were exchanged, compared to its average volume of 289,001. The company's 50-day moving average price is $11.89 and its 200 day moving average price is $16.40. International Money Express, Inc. has a fifty-two week low of $10.07 and a fifty-two week high of $22.38. 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 market capitalization of $332.91 million, a PE ratio of 6.17 and a beta of 1.23.

About International Money Express

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.