LPL Financial LLC Raises Stock Position in International Money Express, Inc. $IMXI

LPL Financial LLC raised its stake in International Money Express, Inc. (NASDAQ:IMXI) by 2.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 218,413 shares of the company’s stock after buying an additional 5,271 shares during the period. LPL Financial LLC owned approximately 0.72% of International Money Express worth $2,756,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Voss Capital LP increased its holdings in International Money Express by 6.5% in the fourth quarter. Voss Capital LP now owns 1,825,000 shares of the company’s stock valued at $38,015,000 after buying an additional 111,562 shares in the last quarter. Geode Capital Management LLC grew its position in shares of International Money Express by 0.3% in 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. Royce & Associates LP grew its position in shares of International Money Express by 0.6% in the first quarter. Royce & Associates LP now owns 648,711 shares of the company’s stock valued at $8,187,000 after purchasing an additional 4,001 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of International Money Express by 31.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 326,180 shares of the company’s stock valued at $6,794,000 after purchasing an additional 77,515 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of International Money Express by 3.6% in the fourth quarter. Northern Trust Corp now owns 290,815 shares of the company’s stock valued at $6,058,000 after purchasing an additional 9,990 shares during the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

International Money Express Stock Performance

Shares of IMXI 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. International Money Express, Inc. has a 52 week low of $8.58 and a 52 week high of $22.37. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.13. The company has a market cap of $427.99 million, a PE ratio of 8.79 and a beta of 1.02.

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group lowered their price target on shares of International Money Express from $17.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, May 9th. Wall Street Zen upgraded shares of International Money Express from a “hold” rating to a “buy” rating in a research report on Saturday. BMO Capital Markets lowered shares of International Money Express from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $18.00 to $11.00 in a research report on Friday, May 9th. Finally, Northland Capmk lowered shares of International Money Express from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $19.60.

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.