Cantor Fitzgerald L. P. Buys New Position in International Money Express, Inc. $IMXI

Cantor Fitzgerald L. P. bought a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 63,000 shares of the company’s stock, valued at approximately $880,000. Cantor Fitzgerald L. P. owned 0.21% of International Money Express as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of International Money Express in the 2nd quarter worth approximately $40,000. EMC Capital Management acquired a new stake in shares of International Money Express during the second quarter worth $92,000. New York State Common Retirement Fund raised its stake in International Money Express by 7,457.6% during the third quarter. New York State Common Retirement Fund now owns 8,918 shares of the company’s stock worth $125,000 after buying an additional 8,800 shares during the last quarter. Hikari Tsushin Inc. acquired a new position in International Money Express in the second quarter valued at $127,000. Finally, Walleye Capital LLC acquired a new position in International Money Express in the second quarter valued at $130,000. Institutional investors own 86.71% of the company’s stock.

International Money Express Price Performance

Shares of IMXI opened at $15.80 on Monday. The firm has a market cap of $476.21 million, a PE ratio of 14.63 and a beta of 0.86. International Money Express, Inc. has a 52-week low of $8.58 and a 52-week high of $15.81. The business’s 50 day moving average price is $15.59 and its two-hundred day moving average price is $15.13. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.51 and a current ratio of 2.51.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings data on Friday, March 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.12). The company had revenue of $147.41 million for the quarter, compared to analyst estimates of $162.95 million. International Money Express had a return on equity of 29.00% and a net margin of 5.38%. On average, equities analysts anticipate that International Money Express, Inc. will post 1.97 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $14.33.

International Money Express Company Profile

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.