213,142 Shares in International Money Express, Inc. (NASDAQ:IMXI) Acquired by LPL Financial LLC

LPL Financial LLC purchased a new stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 213,142 shares of the company's stock, valued at approximately $4,440,000. LPL Financial LLC owned about 0.69% of International Money Express as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised 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 buying an additional 2,182 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of International Money Express in the fourth quarter valued at approximately $332,000. Intech Investment Management LLC purchased a new position in shares of International Money Express during the 4th quarter worth $339,000. SkyView Investment Advisors LLC boosted its holdings in International Money Express by 3.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company's stock valued at $374,000 after purchasing an additional 637 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in International Money Express in the fourth quarter valued at approximately $429,000. 86.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on IMXI shares. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 target price on shares of International Money Express in a research note on Monday, April 7th. UBS Group cut their price target on International Money Express from $22.00 to $17.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, International Money Express currently has a consensus rating of "Hold" and an average price target of $24.50.

International Money Express Price Performance

Shares of NASDAQ IMXI traded down $0.02 during midday trading on Tuesday, hitting $11.90. The company had a trading volume of 115,116 shares, compared to its average volume of 271,878. The business has a 50-day simple moving average of $14.64 and a two-hundred day simple moving average of $17.97. International Money Express, Inc. has a twelve month low of $11.27 and a twelve month high of $22.38. 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 capitalization of $364.61 million, a price-to-earnings ratio of 6.65 and a beta of 1.01.

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.