Tudor Investment Corp ET AL Buys 262,725 Shares of International Money Express, Inc. $IMXI

Key Points

• Tudor Investment Corp ET AL boosted its stake in International Money Express (NASDAQ:IMXI) by 2,255%, buying 262,725 shares to hold 274,376 shares (~0.92% of the company) valued at about $3.83 million.
• IMXI reported quarterly EPS of $0.41, missing estimates of $0.53, and revenue of $147.41 million versus $162.95 million expected; the shares trade in a 52-week range of $8.58–$15.90 with a market cap near $476 million and a P/E of 14.63.
• Institutional ownership is high at 86.71%, analysts' consensus is a Hold with an average price target of $11.50, and Weiss Ratings recently upgraded the stock from "sell (d+)" to "hold (c-)."

Tudor Investment Corp ET AL lifted its stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 2,255.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 274,376 shares of the company's stock after buying an additional 262,725 shares during the period. Tudor Investment Corp ET AL owned about 0.92% of International Money Express worth $3,833,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. First Trust Advisors LP lifted its stake in shares of International Money Express by 2.1% in the second quarter. First Trust Advisors LP now owns 93,410 shares of the company's stock valued at $943,000 after buying an additional 1,881 shares during the period. Raymond James Financial Inc. bought a new stake in shares of International Money Express in the second quarter valued at about $40,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of International Money Express by 2.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 287,744 shares of the company's stock valued at $2,903,000 after buying an additional 7,256 shares during the period. Brevan Howard Capital Management LP lifted its stake in shares of International Money Express by 26.0% in the second quarter. Brevan Howard Capital Management LP now owns 35,936 shares of the company's stock valued at $363,000 after buying an additional 7,405 shares during the period. Finally, Quantbot Technologies LP lifted its stake in shares of International Money Express by 35.5% in the second quarter. Quantbot Technologies LP now owns 32,423 shares of the company's stock valued at $327,000 after buying an additional 8,487 shares during the period. Institutional investors own 86.71% of the company's stock.

International Money Express Stock Performance

NASDAQ:IMXI opened at $15.80 on Friday. International Money Express, Inc. has a 1 year low of $8.58 and a 1 year high of $15.90. The firm has a 50 day moving average of $15.71 and a 200-day moving average of $15.29. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $476.21 million, a P/E ratio of 14.63 and a beta of 0.84.

International Money Express (NASDAQ:IMXI - Get Free Report) last issued its quarterly earnings results on Friday, March 6th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.12). International Money Express had a net margin of 5.38% and a return on equity of 29.00%. The company had revenue of $147.41 million during the quarter, compared to analyst estimates of $162.95 million. As a group, sell-side analysts anticipate that International Money Express, Inc. will post 1.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of International Money Express from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, March 4th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, International Money Express has an average rating of "Hold" and an average price target of $11.50.

International Money Express Profile

International Money Express, Inc NASDAQ: IMXI is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.

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