International Money Express, Inc. $IMXI Shares Acquired by Magnetar Financial LLC

Magnetar Financial LLC grew its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 2.4% during the 4th quarter, Holdings Channel reports. The firm owned 1,916,571 shares of the company’s stock after buying an additional 44,596 shares during the period. Magnetar Financial LLC owned about 0.06% of International Money Express worth $29,439,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. First Trust Advisors LP grew its position in shares of International Money Express by 2.1% in the second quarter. First Trust Advisors LP now owns 93,410 shares of the company’s stock valued at $943,000 after purchasing an additional 1,881 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of International Money Express in the second quarter valued at approximately $40,000. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of International Money Express by 4.4% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 166,700 shares of the company’s stock valued at $2,560,000 after purchasing an additional 7,000 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of International Money Express by 2.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 287,744 shares of the company’s stock valued at $2,903,000 after purchasing an additional 7,256 shares during the last quarter. Finally, Brevan Howard Capital Management LP grew its position in shares of International Money Express by 26.0% in the second quarter. Brevan Howard Capital Management LP now owns 35,936 shares of the company’s stock valued at $363,000 after purchasing an additional 7,405 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IMXI. Wall Street Zen upgraded shares of International Money Express from a “sell” rating to a “hold” rating in a research report on Monday. Weiss Ratings lowered shares of International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce”.

International Money Express Stock Up 0.5%

Shares of NASDAQ IMXI opened at $14.86 on Wednesday. International Money Express, Inc. has a 1 year low of $8.58 and a 1 year high of $15.95. The firm’s 50 day moving average price is $15.48 and its 200 day moving average price is $15.53. The firm has a market cap of $447.14 million, a P/E ratio of 17.48 and a beta of 0.75. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.84 and a current ratio of 2.84.

International Money Express (NASDAQ:IMXI) last announced its earnings results on Monday, May 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.28). International Money Express had a return on equity of 23.26% and a net margin of 4.34%.The firm had revenue of $121.95 million for the quarter, compared to analyst estimates of $141.02 million. As a group, sell-side analysts anticipate that International Money Express, Inc. will post 1.86 earnings per share for the current year.

About International Money Express

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.