International Money Express, Inc. (NASDAQ:IMXI) Shares Bought by Barclays PLC

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

A number of other large investors have also recently made changes to their positions in IMXI. Bank of New York Mellon Corp lifted its stake in International Money Express by 5.8% in the second quarter. Bank of New York Mellon Corp now owns 126,966 shares of the company's stock worth $2,646,000 after acquiring an additional 6,970 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of International Money Express during the 2nd quarter worth $91,000. Rhumbline Advisers grew its stake in shares of International Money Express by 1.0% during the second quarter. Rhumbline Advisers now owns 45,877 shares of the company's stock worth $956,000 after purchasing an additional 452 shares in the last quarter. LSV Asset Management grew its stake in shares of International Money Express by 5.2% during the second quarter. LSV Asset Management now owns 728,977 shares of the company's stock worth $15,192,000 after purchasing an additional 36,124 shares in the last quarter. Finally, Quest Partners LLC increased its holdings in International Money Express by 238.9% in the second quarter. Quest Partners LLC now owns 24,883 shares of the company's stock valued at $519,000 after buying an additional 17,540 shares during the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

International Money Express Stock Performance

NASDAQ:IMXI traded down $0.26 during mid-day trading on Friday, reaching $20.64. 102,978 shares of the stock were exchanged, compared to its average volume of 251,110. The stock has a market capitalization of $641.88 million, a P/E ratio of 11.53 and a beta of 0.88. International Money Express, Inc. has a 1 year low of $16.17 and a 1 year high of $23.28. The company has a 50 day simple moving average of $20.21 and a 200-day simple moving average of $19.46. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12.

Wall Street Analyst Weigh In

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

International Money Express 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.