Universal Beteiligungs und Servicegesellschaft mbH Invests $3.12 Million in International Money Express, Inc. (NASDAQ:IMXI)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 149,762 shares of the company's stock, valued at approximately $3,120,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.48% of International Money Express as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of IMXI. Public Employees Retirement System of Ohio raised its stake in International Money Express by 31.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 326,180 shares of the company's stock valued at $6,794,000 after buying an additional 77,515 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of International Money Express by 9.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,906 shares of the company's stock worth $1,331,000 after buying an additional 5,597 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of International Money Express by 21.1% during the fourth quarter. Two Sigma Investments LP now owns 37,853 shares of the company's stock worth $788,000 after buying an additional 6,594 shares during the last quarter. State of Wyoming grew its holdings in shares of International Money Express by 33.5% during the fourth quarter. State of Wyoming now owns 14,316 shares of the company's stock worth $298,000 after buying an additional 3,593 shares during the last quarter. Finally, Steamboat Capital Partners LLC purchased a new position in shares of International Money Express during the fourth quarter worth about $857,000. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on IMXI. BMO Capital Markets lowered International Money Express from an "outperform" rating to a "market perform" rating and lowered their price target for the stock 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 report on Monday, April 7th. Finally, UBS Group lowered their price objective on International Money Express from $17.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, International Money Express currently has an average rating of "Hold" and a consensus target price of $19.60.

International Money Express Stock Performance

IMXI traded up $0.33 during trading on Friday, reaching $11.64. The company's stock had a trading volume of 217,888 shares, compared to its average volume of 291,016. International Money Express, Inc. has a 52-week low of $10.07 and a 52-week high of $22.38. The company's fifty day moving average price is $11.72 and its 200-day moving average price is $16.14. The company has a market capitalization of $350.69 million, a price-to-earnings ratio of 6.50 and a beta of 1.08. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80.

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.