AlphaQuest LLC Grows Position in International Money Express, Inc. $IMXI

AlphaQuest LLC increased its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 85.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,017 shares of the company’s stock after acquiring an additional 18,958 shares during the quarter. AlphaQuest LLC owned approximately 0.14% of International Money Express worth $414,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC raised its holdings in International Money Express by 92.8% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 537,740 shares of the company’s stock worth $6,786,000 after purchasing an additional 258,820 shares in the last quarter. Breach Inlet Capital Management LLC raised its holdings in International Money Express by 32.8% in the first quarter. Breach Inlet Capital Management LLC now owns 679,132 shares of the company’s stock worth $8,571,000 after purchasing an additional 167,887 shares in the last quarter. LB Partners LLC bought a new position in International Money Express in the first quarter worth about $1,974,000. Voss Capital LP raised its holdings in International Money Express by 6.7% in the first quarter. Voss Capital LP now owns 1,947,854 shares of the company’s stock worth $24,582,000 after purchasing an additional 122,854 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in International Money Express by 45.7% in the first quarter. American Century Companies Inc. now owns 367,139 shares of the company’s stock worth $4,633,000 after purchasing an additional 115,239 shares in the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

International Money Express Stock Performance

IMXI opened at $14.85 on Thursday. International Money Express, Inc. has a 52-week low of $8.58 and a 52-week high of $22.37. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. The company has a market cap of $440.75 million, a P/E ratio of 9.05 and a beta of 0.90. The firm’s 50-day moving average price is $14.50 and its 200-day moving average price is $12.28.

Wall Street Analyst Weigh In

A number of brokerages have commented on IMXI. Wall Street Zen upgraded shares of International Money Express from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Weiss Ratings upgraded shares of International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Northland Capmk downgraded shares of International Money Express from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Finally, Zacks Research upgraded shares of International Money Express from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.60.

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.