Renaissance Technologies LLC Purchases 29,900 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Renaissance Technologies LLC grew its position in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 25.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 147,300 shares of the company's stock after purchasing an additional 29,900 shares during the quarter. Renaissance Technologies LLC owned approximately 0.47% of International Money Express worth $3,068,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. New South Capital Management Inc. boosted its position in International Money Express by 22.7% during the fourth quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company's stock valued at $23,582,000 after acquiring an additional 209,711 shares during the last quarter. Investment Management Associates Inc. ADV boosted its position in shares of International Money Express by 1.9% during the 4th quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company's stock valued at $18,731,000 after purchasing an additional 16,530 shares in the last quarter. Geode Capital Management LLC grew its stake in International Money Express by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 850,766 shares of the company's stock worth $17,725,000 after purchasing an additional 2,292 shares during the period. Royce & Associates LP increased its holdings in International Money Express by 15.7% in the fourth quarter. Royce & Associates LP now owns 644,710 shares of the company's stock worth $13,429,000 after purchasing an additional 87,521 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in International Money Express by 5.2% in the fourth quarter. First Eagle Investment Management LLC now owns 637,034 shares of the company's stock valued at $13,269,000 after buying an additional 31,529 shares during the period. 86.71% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Stock Down 0.7 %

IMXI stock opened at $12.28 on Thursday. The firm has a market capitalization of $376.41 million, a PE ratio of 6.86 and a beta of 1.01. 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, Inc. has a twelve month low of $11.27 and a twelve month high of $22.38. The stock's 50 day moving average is $13.77 and its 200-day moving average is $17.71.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price objective on shares of International Money Express in a research note on Monday, April 7th. UBS Group decreased their target price on 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, Monness Crespi & Hardt lowered International Money Express from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, International Money Express has an average rating of "Hold" and a consensus target price of $24.50.

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.

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