Trexquant Investment LP Makes New $812,000 Investment in International Money Express, Inc. (NASDAQ:IMXI)

Trexquant Investment LP acquired a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 38,992 shares of the company's stock, valued at approximately $812,000. Trexquant Investment LP owned approximately 0.13% of International Money Express at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new position in shares of International Money Express in the third quarter worth about $633,000. Barclays PLC grew its position in International Money Express by 137.1% during the 3rd quarter. Barclays PLC now owns 73,260 shares of the company's stock worth $1,355,000 after acquiring an additional 42,367 shares during the last quarter. JPMorgan Chase & Co. increased its stake in International Money Express by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 221,109 shares of the company's stock worth $4,088,000 after purchasing an additional 17,452 shares during the period. Public Employees Retirement System of Ohio purchased a new position in International Money Express in the 3rd quarter worth approximately $4,598,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of International Money Express during the fourth quarter valued at approximately $332,000. Institutional investors own 86.71% of the company's stock.

International Money Express Stock Performance

Shares of NASDAQ IMXI traded up $0.23 during trading on Thursday, reaching $12.24. 58,215 shares of the company traded hands, compared to its average volume of 274,179. The firm has a 50 day simple moving average of $14.38 and a 200-day simple moving average of $17.89. International Money Express, Inc. has a 52-week low of $11.27 and a 52-week high of $22.38. The stock has a market capitalization of $375.03 million, a PE ratio of 6.82 and a beta of 1.01. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Needham & Company LLC restated a "buy" rating and issued a $20.00 price objective on shares of International Money Express in a research report on Monday, April 7th. Monness Crespi & Hardt downgraded International Money Express from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Finally, UBS Group dropped their price objective on International Money Express from $22.00 to $17.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $24.50.

International Money Express Company 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.