Wellington Management Group LLP Increases Stock Holdings in International Money Express, Inc. (NASDAQ:IMXI)

Wellington Management Group LLP grew its position in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,556,925 shares of the company's stock after buying an additional 109,293 shares during the quarter. Wellington Management Group LLP owned 5.01% of International Money Express worth $28,788,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. New South Capital Management Inc. purchased a new stake in International Money Express during the 3rd quarter worth about $17,055,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in International Money Express during the 3rd quarter worth about $4,854,000. First Eagle Investment Management LLC increased its position in International Money Express by 46.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company's stock worth $9,946,000 after purchasing an additional 152,464 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its position in International Money Express by 17.2% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company's stock worth $18,396,000 after purchasing an additional 145,686 shares in the last quarter. Finally, Millennium Management LLC increased its position in International Money Express by 92.6% during the 2nd quarter. Millennium Management LLC now owns 191,691 shares of the company's stock worth $3,995,000 after purchasing an additional 92,154 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company's stock.

Analyst Ratings Changes

IMXI has been the subject of a number of recent research reports. Oppenheimer started coverage on International Money Express in a research report on Tuesday, October 1st. They set a "market perform" rating for the company. BMO Capital Markets raised their price target on International Money Express from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Northland Securities raised 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. Monness Crespi & Hardt decreased their price target on International Money Express from $30.00 to $28.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Finally, Needham & Company LLC raised their price target 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, International Money Express has an average rating of "Moderate Buy" and a consensus price target of $27.00.

International Money Express Stock Down 2.1 %

Shares of NASDAQ:IMXI traded down $0.45 during mid-day trading on Friday, hitting $21.14. 57,245 shares of the company traded hands, compared to its average volume of 254,043. The firm has a market cap of $657.45 million, a P/E ratio of 12.06 and a beta of 0.88. 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 52-week low of $16.17 and a 52-week high of $23.28. The firm's 50 day simple moving average is $19.49 and its 200 day simple moving average is $19.49.

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.