Public Employees Retirement System of Ohio Takes Position in International Money Express, Inc. (NASDAQ:IMXI)

Public Employees Retirement System of Ohio purchased a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 248,665 shares of the company's stock, valued at approximately $4,598,000. Public Employees Retirement System of Ohio owned approximately 0.80% of International Money Express at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in IMXI. Rhumbline Advisers increased its holdings in International Money Express by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 45,877 shares of the company's stock worth $956,000 after buying an additional 452 shares during the period. nVerses Capital LLC raised its holdings in shares of International Money Express by 133.3% during the third quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock worth $39,000 after purchasing an additional 1,200 shares during the last quarter. Foyston Gordon & Payne Inc lifted its position in International Money Express by 8.2% during the second quarter. Foyston Gordon & Payne Inc now owns 21,798 shares of the company's stock valued at $454,000 after purchasing an additional 1,658 shares during the period. CWM LLC boosted its holdings in International Money Express by 201.7% in the second quarter. CWM LLC now owns 3,394 shares of the company's stock valued at $71,000 after purchasing an additional 2,269 shares during the last quarter. Finally, Quarry LP grew its position in International Money Express by 113.7% during the 2nd quarter. Quarry LP now owns 4,760 shares of the company's stock worth $99,000 after purchasing an additional 2,533 shares during the period. Hedge funds and other institutional investors own 86.71% of the company's stock.

Analyst Upgrades and Downgrades

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

International Money Express Price Performance

Shares of NASDAQ:IMXI traded down $0.29 during midday trading on Friday, reaching $21.30. 127,957 shares of the company's stock traded hands, compared to its average volume of 254,379. The company has a market cap of $662.41 million, a P/E ratio of 11.90 and a beta of 0.88. The company has a fifty day simple moving average of $19.57 and a two-hundred day simple moving average of $19.48. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. International Money Express, Inc. has a 1 year low of $16.17 and a 1 year high of $23.28.

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.