Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 149,762 International Money Express, Inc. (NASDAQ:IMXI)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 149,762 shares of the company's stock, valued at approximately $3,120,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.48% of International Money Express at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in IMXI. LSV Asset Management grew its position in shares of International Money Express by 40.7% in the fourth quarter. LSV Asset Management now owns 1,082,780 shares of the company's stock valued at $22,554,000 after purchasing an additional 313,303 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in International Money Express during the 4th quarter valued at approximately $6,098,000. LPL Financial LLC acquired a new stake in International Money Express in the 4th quarter valued at approximately $4,440,000. New South Capital Management Inc. increased its position in International Money Express by 22.7% in the 4th quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company's stock worth $23,582,000 after buying an additional 209,711 shares during the period. Finally, LMR Partners LLP bought a new position in International Money Express in the 4th quarter worth approximately $3,124,000. Institutional investors and hedge funds own 86.71% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on IMXI. BMO Capital Markets cut shares of International Money Express from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $18.00 to $11.00 in a research note on Friday, May 9th. UBS Group reduced 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 restated a "buy" rating and set a $20.00 price objective on shares of International Money Express in a research report on Monday, April 7th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $19.60.

International Money Express Price Performance

NASDAQ:IMXI remained flat at $11.33 during trading hours on Thursday. The company had a trading volume of 244,525 shares, compared to its average volume of 323,182. The firm has a market capitalization of $341.35 million, a P/E ratio of 6.33 and a beta of 1.08. 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 fifty day moving average of $11.77 and a 200 day moving average of $16.27. International Money Express, Inc. has a 1-year low of $10.07 and a 1-year high of $22.38.

International Money Express 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.