Arrowstreet Capital Limited Partnership Takes $6.10 Million Position in International Money Express, Inc. (NASDAQ:IMXI)

Arrowstreet Capital Limited Partnership purchased a new position in International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 292,772 shares of the company's stock, valued at approximately $6,098,000. Arrowstreet Capital Limited Partnership owned approximately 0.94% of International Money Express as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP raised its holdings in shares of International Money Express by 7.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,556,925 shares of the company's stock worth $28,788,000 after acquiring an additional 109,293 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in International Money Express in the third quarter worth $4,598,000. Barclays PLC raised its stake in International Money Express by 137.1% during the third quarter. Barclays PLC now owns 73,260 shares of the company's stock valued at $1,355,000 after purchasing an additional 42,367 shares in the last quarter. M&T Bank Corp lifted its position in International Money Express by 29.6% during the third quarter. M&T Bank Corp now owns 105,754 shares of the company's stock valued at $1,955,000 after purchasing an additional 24,175 shares during the last quarter. Finally, Bullseye Asset Management LLC grew its stake in shares of International Money Express by 3.1% in the 3rd quarter. Bullseye Asset Management LLC now owns 236,692 shares of the company's stock worth $4,376,000 after buying an additional 7,069 shares in the last quarter. Institutional investors own 86.71% of the company's stock.

International Money Express Trading Down 1.2 %

International Money Express stock traded down $0.14 during midday trading on Friday, reaching $11.76. The stock had a trading volume of 243,324 shares, compared to its average volume of 270,588. 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 firm has a market cap of $360.47 million, a price-to-earnings ratio of 6.57 and a beta of 1.01. International Money Express, Inc. has a 52-week low of $11.27 and a 52-week high of $22.38. The company has a fifty day moving average of $14.78 and a 200 day moving average of $18.02.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on IMXI shares. Needham & Company LLC restated a "buy" rating and set a $20.00 target price on shares of International Money Express in a research report on Monday, April 7th. Monness Crespi & Hardt cut International Money Express from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. Finally, UBS Group lowered their price objective on International Money Express from $22.00 to $17.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus 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.