First Eagle Investment Management LLC Purchases 31,529 Shares of International Money Express, Inc. (NASDAQ:IMXI)

First Eagle Investment Management LLC raised its stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 637,034 shares of the company's stock after acquiring an additional 31,529 shares during the period. First Eagle Investment Management LLC owned approximately 2.05% of International Money Express worth $13,269,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. SG Americas Securities LLC boosted its stake in shares of International Money Express by 23.4% during the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company's stock worth $240,000 after purchasing an additional 2,182 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of International Money Express by 90.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company's stock worth $214,000 after purchasing an additional 5,499 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of International Money Express during the 4th quarter worth about $332,000. SkyView Investment Advisors LLC boosted its stake in shares of International Money Express by 3.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company's stock worth $374,000 after purchasing an additional 637 shares during the period. Finally, 272 Capital LP purchased a new position in shares of International Money Express during the 3rd quarter worth about $390,000. 86.71% of the stock is currently owned by institutional investors.

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International Money Express Stock Up 2.9 %

Shares of NASDAQ:IMXI traded up $0.38 during trading hours on Wednesday, hitting $13.45. The company's stock had a trading volume of 261,234 shares, compared to its average volume of 255,016. International Money Express, Inc. has a 52 week low of $12.82 and a 52 week high of $23.28. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market capitalization of $412.27 million, a price-to-earnings ratio of 7.51 and a beta of 0.87. The firm's fifty day moving average price is $17.71 and its 200 day moving average price is $18.83.

Wall Street Analysts Forecast Growth

IMXI has been the subject of several research reports. Monness Crespi & Hardt cut shares of International Money Express from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. UBS Group lowered their price objective on shares of International Money Express from $22.00 to $17.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Finally, Needham & Company LLC lowered their price objective on shares of International Money Express from $25.00 to $20.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, International Money Express has an average rating of "Hold" and a consensus price target 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.