International Money Express, Inc. (NASDAQ:IMXI) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 8.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,321 shares of the company’s stock after acquiring an additional 625 shares during the period. SG Americas Securities LLC’s holdings in International Money Express were worth $184,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in International Money Express by 0.7% during the 1st quarter. AQR Capital Management LLC now owns 74,718 shares of the company’s stock worth $1,926,000 after acquiring an additional 484 shares in the last quarter. Rhumbline Advisers grew its holdings in International Money Express by 1.3% during the 1st quarter. Rhumbline Advisers now owns 40,446 shares of the company’s stock worth $1,043,000 after acquiring an additional 522 shares in the last quarter. FMR LLC grew its holdings in International Money Express by 101.9% during the 1st quarter. FMR LLC now owns 1,070 shares of the company’s stock worth $28,000 after acquiring an additional 540 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in International Money Express by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 133,396 shares of the company’s stock worth $3,439,000 after acquiring an additional 582 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in International Money Express by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,315 shares of the company’s stock worth $5,905,000 after acquiring an additional 728 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

Insider Activity at International Money Express

In related news, insider Joseph Aguilar sold 23,700 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $21.13, for a total value of $500,781.00. Following the completion of the sale, the insider now owns 105,677 shares in the company, valued at approximately $2,232,955.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on IMXI. Monness Crespi & Hardt initiated coverage on shares of International Money Express in a report on Wednesday, March 20th. They set a “buy” rating and a $27.00 price target for the company. BMO Capital Markets reduced their price objective on shares of International Money Express from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, International Money Express has an average rating of “Moderate Buy” and a consensus target price of $24.00.

International Money Express Stock Down 1.5 %

Shares of NASDAQ:IMXI opened at $21.71 on Friday. The company has a market capitalization of $732.28 million, a PE ratio of 13.32 and a beta of 0.73. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.37. International Money Express, Inc. has a twelve month low of $15.76 and a twelve month high of $26.71. The firm has a 50 day simple moving average of $21.27 and a 200-day simple moving average of $20.23.

International Money Express (NASDAQ:IMXI) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. International Money Express had a net margin of 9.03% and a return on equity of 42.30%. The firm had revenue of $171.78 million during the quarter, compared to the consensus estimate of $175.55 million. On average, equities analysts predict that International Money Express, Inc. will post 2.05 EPS for the current fiscal year.

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.