LMR Partners LLP Buys New Position in International Money Express, Inc. (NASDAQ:IMXI)

LMR Partners LLP bought a new position in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of IMXI. Voss Capital LP boosted its position in shares of International Money Express by 6.5% in the fourth quarter. Voss Capital LP now owns 1,825,000 shares of the company's stock worth $38,015,000 after acquiring an additional 111,562 shares during the last quarter. New South Capital Management Inc. boosted its holdings in International Money Express by 22.7% in the fourth quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company's stock valued at $23,582,000 after acquiring an additional 209,711 shares during the last quarter. LSV Asset Management boosted its holdings in 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 acquiring an additional 313,303 shares during the last quarter. Investment Management Associates Inc. ADV grew its position in International Money Express by 1.9% during the fourth quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company's stock valued at $18,731,000 after acquiring an additional 16,530 shares during the period. Finally, Geode Capital Management LLC increased its stake in International Money Express by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 850,766 shares of the company's stock worth $17,725,000 after acquiring an additional 2,292 shares during the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

International Money Express Stock Performance

IMXI traded up $0.13 during trading hours on Friday, hitting $11.51. The company's stock had a trading volume of 259,936 shares, compared to its average volume of 282,388. The company has a 50-day simple moving average of $12.32 and a 200 day simple moving average of $17.01. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $346.77 million, a PE ratio of 6.43 and a beta of 1.23. International Money Express, Inc. has a fifty-two week low of $10.07 and a fifty-two week 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.