Strs Ohio Makes New Investment in INTERNATIONAL MONEY EXPRESS, INC. $IMXI

Key Points

• Strs Ohio has acquired a new stake in INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI), purchasing 27,600 shares valued at approximately $348,000 during the first quarter.
• Institutional ownership is notably high, with 86.71% of the company's stock held by institutional investors, indicating strong interest from major funds.
• Analyst ratings for the stock show mixed sentiments, with two analysts rating it as a Buy, five as a Hold, and one as a Sell, alongside a consensus target price of $19.60.

Strs Ohio acquired a new stake in INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,600 shares of the company's stock, valued at approximately $348,000. Strs Ohio owned approximately 0.09% of INTERNATIONAL MONEY EXPRESS as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Mork Capital Management LLC bought a new stake in INTERNATIONAL MONEY EXPRESS during the 1st quarter valued at approximately $883,000. Breach Inlet Capital Management LLC grew its holdings in INTERNATIONAL MONEY EXPRESS by 32.8% during the 1st quarter. Breach Inlet Capital Management LLC now owns 679,132 shares of the company's stock valued at $8,571,000 after buying an additional 167,887 shares in the last quarter. Ancora Advisors LLC grew its holdings in INTERNATIONAL MONEY EXPRESS by 23.9% during the 1st quarter. Ancora Advisors LLC now owns 145,618 shares of the company's stock valued at $1,838,000 after buying an additional 28,109 shares in the last quarter. PDT Partners LLC purchased a new stake in INTERNATIONAL MONEY EXPRESS during the 1st quarter valued at approximately $464,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of INTERNATIONAL MONEY EXPRESS by 113.2% during the first quarter. Cubist Systematic Strategies LLC now owns 48,288 shares of the company's stock valued at $609,000 after buying an additional 25,636 shares during the last quarter. Institutional investors own 86.71% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Northland Capmk downgraded shares of INTERNATIONAL MONEY EXPRESS from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Finally, Zacks Research lowered INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $19.60.

INTERNATIONAL MONEY EXPRESS Stock Performance

IMXI stock opened at $14.33 on Wednesday. The firm has a market cap of $425.31 million, a price-to-earnings ratio of 8.74 and a beta of 0.96. INTERNATIONAL MONEY EXPRESS, INC. has a twelve month low of $8.58 and a twelve month high of $22.37. 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 business's fifty day simple moving average is $12.66 and its two-hundred day simple moving average is $11.97.

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.

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