Integrated Quantitative Investments LLC Purchases New Shares in International Money Express, Inc. (NASDAQ:IMXI)

Integrated Quantitative Investments LLC acquired a new position in International Money Express, Inc. (NASDAQ:IMXI) in the fourth quarter, Holdings Channel reports. The fund acquired 14,033 shares of the company’s stock, valued at approximately $292,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IMXI. SG Americas Securities LLC boosted its stake in shares of International Money Express by 23.4% in the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock worth $240,000 after buying an additional 2,182 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in International Money Express during the fourth quarter worth $332,000. Intech Investment Management LLC purchased a new position in International Money Express in the fourth quarter worth $339,000. SkyView Investment Advisors LLC grew its stake in International Money Express by 3.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock valued at $374,000 after purchasing an additional 637 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of International Money Express during the 4th quarter valued at $429,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

International Money Express Price Performance

IMXI opened at $12.26 on Friday. The firm has a 50-day moving average price of $15.79 and a 200-day moving average price of $18.36. International Money Express, Inc. has a twelve month low of $11.78 and a twelve month high of $22.83. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $375.79 million, a price-to-earnings ratio of 6.85 and a beta of 1.01.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IMXI. Monness Crespi & Hardt downgraded shares of International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. UBS Group dropped their target price on shares of International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Finally, Needham & Company LLC decreased their price target on shares of International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $24.50.

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.