Royce & Associates LP Increases Stock Holdings in International Money Express, Inc. (NASDAQ:IMXI)

Royce & Associates LP lifted its holdings in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 9.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 557,189 shares of the company's stock after purchasing an additional 49,582 shares during the period. Royce & Associates LP owned about 1.71% of International Money Express worth $10,302,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. New South Capital Management Inc. purchased a new stake in shares of International Money Express in the third quarter valued at approximately $17,055,000. First Eagle Investment Management LLC grew its stake in International Money Express by 46.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company's stock valued at $9,946,000 after acquiring an additional 152,464 shares during the period. Millennium Management LLC increased its holdings in International Money Express by 92.6% in the 2nd quarter. Millennium Management LLC now owns 191,691 shares of the company's stock worth $3,995,000 after acquiring an additional 92,154 shares in the last quarter. Samson Rock Capital LLP acquired a new position in International Money Express during the third quarter worth $1,276,000. Finally, Renaissance Technologies LLC lifted its holdings in International Money Express by 83.8% during the second quarter. Renaissance Technologies LLC now owns 130,700 shares of the company's stock valued at $2,724,000 after purchasing an additional 59,600 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

Wall Street Analysts Forecast Growth

IMXI has been the subject of a number of research reports. Monness Crespi & Hardt cut their target price on shares of International Money Express from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Needham & Company LLC boosted their price objective 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. BTIG Research restated a "neutral" rating on shares of International Money Express in a research report on Wednesday, August 7th. 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 research note on Monday, November 11th. Finally, Oppenheimer initiated coverage on International Money Express in a research note on Tuesday, October 1st. They issued a "market perform" rating for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.00.

International Money Express Price Performance

IMXI traded down $0.34 during trading on Friday, reaching $20.87. The company's stock had a trading volume of 230,040 shares, compared to its average volume of 350,217. The company has a market cap of $649.06 million, a price-to-earnings ratio of 11.66 and a beta of 0.82. The firm has a fifty day simple moving average of $18.42 and a two-hundred day simple moving average of $19.39. International Money Express, Inc. has a 1 year low of $16.17 and a 1 year high of $23.28. The company has a quick ratio of 1.88, a current ratio of 1.80 and a debt-to-equity ratio of 1.12.

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.