International Money Express, Inc. $IMXI Shares Acquired by Credit Industriel ET Commercial

Credit Industriel ET Commercial lifted its position in International Money Express, Inc. (NASDAQ:IMXI) by 69.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,059 shares of the company’s stock after acquiring an additional 50,059 shares during the period. Credit Industriel ET Commercial owned 0.40% of International Money Express worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its stake in International Money Express by 6,041.0% during the 3rd quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company’s stock valued at $28,791,000 after purchasing an additional 2,027,344 shares during the last quarter. Magnetar Financial LLC lifted its holdings in shares of International Money Express by 3,580.7% during the third quarter. Magnetar Financial LLC now owns 1,871,975 shares of the company’s stock worth $26,151,000 after purchasing an additional 1,821,116 shares during the period. Fort Baker Capital Management LP acquired a new stake in shares of International Money Express during the fourth quarter worth about $14,616,000. Man Group plc boosted its position in International Money Express by 103.4% in the fourth quarter. Man Group plc now owns 1,153,023 shares of the company’s stock valued at $17,710,000 after buying an additional 586,044 shares during the last quarter. Finally, Marshall Wace LLP raised its position in International Money Express by 1,025.8% during the 4th quarter. Marshall Wace LLP now owns 401,500 shares of the company’s stock worth $6,167,000 after buying an additional 365,836 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Stock Performance

Shares of IMXI opened at $14.19 on Tuesday. The stock has a market capitalization of $426.89 million, a PE ratio of 16.66 and a beta of 0.75. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.84 and a current ratio of 2.84. The stock has a 50-day simple moving average of $15.04 and a 200-day simple moving average of $15.42. International Money Express, Inc. has a 1 year low of $8.58 and a 1 year high of $15.95.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.28). International Money Express had a net margin of 4.34% and a return on equity of 23.26%. The company had revenue of $121.95 million during the quarter, compared to analysts’ expectations of $141.02 million. On average, analysts predict that International Money Express, Inc. will post 1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Weiss Ratings downgraded shares of International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Wall Street Zen cut shares of International Money Express from a “hold” rating to a “sell” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, International Money Express has an average rating of “Reduce”.

International Money Express Company Profile

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.