150,000 Shares in International Money Express, Inc. (NASDAQ:IMXI) Purchased by LMR Partners LLP

LMR Partners LLP acquired a new position in International Money Express, Inc. (NASDAQ:IMXI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 150,000 shares of the company's stock, valued at approximately $3,124,000. LMR Partners LLP owned about 0.48% of International Money Express as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC purchased a new stake in International Money Express during the 4th quarter valued at $169,000. SG Americas Securities LLC raised its stake in International Money Express by 23.4% during the 4th 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 last quarter. Jump Financial LLC purchased a new stake in International Money Express during the 4th quarter valued at $281,000. Integrated Quantitative Investments LLC purchased a new stake in International Money Express during the 4th quarter valued at $292,000. Finally, Wells Fargo & Company MN raised its stake in International Money Express by 51.0% during the 4th quarter. Wells Fargo & Company MN now owns 14,960 shares of the company's stock valued at $312,000 after buying an additional 5,050 shares during the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

International Money Express Trading Up 1.1%

International Money Express stock traded up $0.13 during midday trading on Friday, reaching $11.51. The stock had a trading volume of 259,936 shares, compared to its average volume of 282,328. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. International Money Express, Inc. has a 52-week low of $10.07 and a 52-week high of $22.38. The firm has a market cap of $346.77 million, a price-to-earnings ratio of 6.43 and a beta of 1.23. The company has a fifty day moving average of $12.32 and a 200 day moving average of $17.01.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IMXI. Needham & Company LLC reissued a "buy" rating and set a $20.00 price objective on shares of International Money Express in a research report on Monday, April 7th. BMO Capital Markets downgraded shares of International Money Express from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $18.00 to $11.00 in a research report on Friday, May 9th. Monness Crespi & Hardt downgraded shares of International Money Express from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Finally, UBS Group cut their price objective on shares of 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. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $20.50.

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.