SG Americas Securities LLC Sells 8,125 Shares of International Money Express, Inc. (NASDAQ:IMXI)

SG Americas Securities LLC lowered its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 46.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,338 shares of the company’s stock after selling 8,125 shares during the period. SG Americas Securities LLC’s holdings in International Money Express were worth $173,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CWM LLC increased its position in International Money Express by 201.7% in the 2nd quarter. CWM LLC now owns 3,394 shares of the company’s stock valued at $71,000 after acquiring an additional 2,269 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of International Money Express in the second quarter valued at about $91,000. Quarry LP raised its position in International Money Express by 113.7% during the second quarter. Quarry LP now owns 4,760 shares of the company’s stock worth $99,000 after acquiring an additional 2,533 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of International Money Express by 1,277.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock worth $126,000 after acquiring an additional 5,621 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in International Money Express by 41.5% in the 1st quarter. Lazard Asset Management LLC now owns 6,319 shares of the company’s stock valued at $143,000 after acquiring an additional 1,853 shares during the period. 86.71% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Stock Performance

Shares of International Money Express stock opened at $17.77 on Thursday. The firm has a market capitalization of $580.01 million, a P/E ratio of 10.64 and a beta of 0.81. The business’s fifty day simple moving average is $17.92 and its 200 day simple moving average is $19.69. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.57. International Money Express, Inc. has a 12 month low of $15.76 and a 12 month high of $23.28.

International Money Express (NASDAQ:IMXI) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $171.53 million for the quarter, compared to the consensus estimate of $174.89 million. International Money Express had a return on equity of 43.97% and a net margin of 8.78%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. As a group, analysts anticipate that International Money Express, Inc. will post 1.97 EPS for the current year.

Analysts Set New Price Targets

IMXI has been the subject of a number of analyst reports. BTIG Research reiterated a “neutral” rating on shares of International Money Express in a research report on Wednesday, August 7th. Oppenheimer started coverage on International Money Express in a report on Tuesday, October 1st. They set a “market perform” rating on the stock. Needham & Company LLC lowered their price objective on International Money Express from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Northland Securities lowered their price objective on International Money Express from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, International Money Express presently has an average rating of “Moderate Buy” and a consensus target price of $25.40.

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.