LPL Financial LLC Raises Position in INTERNATIONAL MONEY EXPRESS, INC. $IMXI

LPL Financial LLC grew its holdings in shares of INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI) by 2.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 218,413 shares of the company’s stock after purchasing an additional 5,271 shares during the period. LPL Financial LLC owned approximately 0.72% of INTERNATIONAL MONEY EXPRESS worth $2,756,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in IMXI. Geode Capital Management LLC lifted its holdings in shares of INTERNATIONAL MONEY EXPRESS by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 850,766 shares of the company’s stock valued at $17,725,000 after purchasing an additional 2,292 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of INTERNATIONAL MONEY EXPRESS by 51.0% during the fourth quarter. Wells Fargo & Company MN now owns 14,960 shares of the company’s stock valued at $312,000 after acquiring an additional 5,050 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of INTERNATIONAL MONEY EXPRESS by 0.8% during the fourth quarter. Russell Investments Group Ltd. now owns 87,458 shares of the company’s stock valued at $1,822,000 after acquiring an additional 698 shares in the last quarter. Invesco Ltd. increased its position in shares of INTERNATIONAL MONEY EXPRESS by 5.2% during the fourth quarter. Invesco Ltd. now owns 66,643 shares of the company’s stock valued at $1,388,000 after acquiring an additional 3,322 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of INTERNATIONAL MONEY EXPRESS by 25.5% during the fourth quarter. Renaissance Technologies LLC now owns 147,300 shares of the company’s stock valued at $3,068,000 after acquiring an additional 29,900 shares in the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

INTERNATIONAL MONEY EXPRESS Trading Down 1.1%

Shares of INTERNATIONAL MONEY EXPRESS stock opened at $14.42 on Monday. The company’s fifty day simple moving average is $10.44 and its 200-day simple moving average is $12.47. The stock has a market capitalization of $427.99 million, a PE ratio of 8.79 and a beta of 1.02. INTERNATIONAL MONEY EXPRESS, INC. has a 1-year low of $8.58 and a 1-year high of $22.37. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.63.

Wall Street Analysts Forecast Growth

IMXI has been the subject of several analyst reports. Northland Capmk downgraded shares of INTERNATIONAL MONEY EXPRESS from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Wall Street Zen raised shares of INTERNATIONAL MONEY EXPRESS from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group cut their target price 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. Finally, BMO Capital Markets downgraded shares of INTERNATIONAL MONEY EXPRESS from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $18.00 to $11.00 in a research report on Friday, May 9th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.60.

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.