Barclays PLC Has $1.36 Million Stake in International Money Express, Inc. (NASDAQ:IMXI)

Barclays PLC grew its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 137.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,260 shares of the company’s stock after acquiring an additional 42,367 shares during the quarter. Barclays PLC owned 0.24% of International Money Express worth $1,355,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of IMXI. New South Capital Management Inc. acquired a new position in shares of International Money Express in the 3rd quarter valued at approximately $17,055,000. Hotchkis & Wiley Capital Management LLC bought a new position in International Money Express in the third quarter valued at approximately $4,854,000. Public Employees Retirement System of Ohio acquired a new position in shares of International Money Express in the third quarter valued at approximately $4,598,000. First Eagle Investment Management LLC increased its position in shares of International Money Express by 46.9% during the second quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock worth $9,946,000 after acquiring an additional 152,464 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC raised its holdings in shares of International Money Express by 17.2% during the third quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company’s stock worth $18,396,000 after acquiring an additional 145,686 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on IMXI shares. BMO Capital Markets upped their target price on shares of International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Monness Crespi & Hardt reduced their price objective on International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Needham & Company LLC lifted their target price on International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Northland Securities upped their price target on International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, Oppenheimer started coverage on shares of International Money Express in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

International Money Express Price Performance

NASDAQ:IMXI opened at $20.64 on Friday. International Money Express, Inc. has a 52-week low of $16.17 and a 52-week high of $23.28. The company has a market cap of $641.88 million, a P/E ratio of 11.53 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. The stock’s 50-day simple moving average is $20.21 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.