SG Americas Securities LLC Purchases 2,182 Shares of International Money Express, Inc. (NASDAQ:IMXI)

SG Americas Securities LLC grew its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 23.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,520 shares of the company’s stock after buying an additional 2,182 shares during the quarter. SG Americas Securities LLC’s holdings in International Money Express were worth $240,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of IMXI. Principal Financial Group Inc. purchased a new position in International Money Express during the 3rd quarter valued at about $633,000. Barclays PLC increased its stake in shares of International Money Express by 137.1% during the third quarter. Barclays PLC now owns 73,260 shares of the company’s stock valued at $1,355,000 after buying an additional 42,367 shares during the period. Forager Capital Management LLC raised its holdings in shares of International Money Express by 27.1% during the third quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock valued at $22,580,000 after acquiring an additional 260,000 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of International Money Express by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 221,109 shares of the company’s stock valued at $4,088,000 after acquiring an additional 17,452 shares in the last quarter. Finally, New South Capital Management Inc. purchased a new stake in International Money Express in the third quarter worth $17,055,000. 86.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

IMXI has been the topic of a number of research analyst reports. Needham & Company LLC boosted their price objective on shares of International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. BMO Capital Markets boosted their price target on shares of International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Monness Crespi & Hardt lowered shares of International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Finally, Northland Securities lifted their price objective on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, International Money Express currently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

International Money Express Stock Down 2.3 %

Shares of International Money Express stock opened at $18.47 on Friday. International Money Express, Inc. has a 1 year low of $16.17 and a 1 year high of $23.28. The firm has a market cap of $574.42 million, a price-to-earnings ratio of 10.32 and a beta of 0.87. The company has a 50-day moving average of $20.55 and a 200 day moving average of $19.40. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80.

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.