International Money Express, Inc. $IMXI Shares Bought by Credit Industriel ET Commercial

Credit Industriel ET Commercial grew its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 69.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 122,059 shares of the company’s stock after purchasing an additional 50,059 shares during the quarter. Credit Industriel ET Commercial’s holdings in International Money Express were worth $1,929,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning purchased a new stake in shares of International Money Express in the 2nd quarter valued at about $272,000. Norges Bank purchased a new position in International Money Express during the 2nd quarter worth approximately $1,124,000. Quantbot Technologies LP grew its stake in International Money Express by 35.5% during the 2nd quarter. Quantbot Technologies LP now owns 32,423 shares of the company’s stock worth $327,000 after buying an additional 8,487 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in International Money Express by 2.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 287,744 shares of the company’s stock worth $2,903,000 after buying an additional 7,256 shares during the period. Finally, First Trust Advisors LP increased its position in International Money Express by 2.1% during the second quarter. First Trust Advisors LP now owns 93,410 shares of the company’s stock worth $943,000 after buying an additional 1,881 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Stock Up 0.1%

IMXI stock opened at $14.19 on Tuesday. The company has a fifty day moving average of $15.04 and a 200-day moving average of $15.42. International Money Express, Inc. has a one year low of $8.58 and a one year high of $15.95. The stock has a market capitalization of $426.89 million, a PE ratio of 16.66 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 quarterly 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 net margin of 4.34% and a return on equity of 23.26%. The company had revenue of $121.95 million during the quarter, compared to analysts’ expectations of $141.02 million. As a group, analysts expect that International Money Express, Inc. will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen downgraded International Money Express from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings cut shares of International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

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.