Barclays PLC Boosts Stock Position in International Money Express, Inc. (NASDAQ:IMXI)

Barclays PLC lifted its stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 137.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 73,260 shares of the company's stock after acquiring an additional 42,367 shares during the quarter. Barclays PLC owned 0.24% of International Money Express worth $1,355,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of IMXI. Principal Financial Group Inc. purchased a new stake in International Money Express during the 3rd quarter worth about $633,000. American Century Companies Inc. raised its position in International Money Express by 44.1% in the 2nd quarter. American Century Companies Inc. now owns 147,260 shares of the company's stock valued at $3,069,000 after purchasing an additional 45,068 shares during the last quarter. Forager Capital Management LLC grew its holdings in shares of International Money Express by 27.1% during the third quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company's stock worth $22,580,000 after buying an additional 260,000 shares during the last quarter. First Eagle Investment Management LLC lifted its position in International Money Express by 46.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company's stock worth $9,946,000 after acquiring an additional 152,464 shares during the period. Finally, New South Capital Management Inc. acquired a new stake in shares of International Money Express during the third quarter worth $17,055,000. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on IMXI shares. Monness Crespi & Hardt dropped their target price on International Money Express from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Needham & Company LLC upped their target price on shares of International Money Express from $22.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Northland Securities raised their price objective on International Money Express from $23.00 to $27.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. BMO Capital Markets boosted their target price on shares of International Money Express from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Finally, Oppenheimer began coverage on International Money Express in a research note on Tuesday, October 1st. They issued a "market perform" rating on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, International Money Express presently has an average rating of "Moderate Buy" and a consensus price target of $27.00.

International Money Express Stock Down 3.3 %

NASDAQ IMXI opened at $19.91 on Monday. The stock has a market cap of $619.18 million, a PE ratio of 11.12 and a beta of 0.89. The business has a 50 day moving average price of $20.78 and a two-hundred day moving average price of $19.46. International Money Express, Inc. has a fifty-two week low of $16.17 and a fifty-two week high of $23.28. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12.

International Money Express Company Profile

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.