SG Americas Securities LLC Increases Holdings in International Money Express, Inc. (NASDAQ:IMXI)

SG Americas Securities LLC increased its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 23.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,520 shares of the company’s stock after purchasing an additional 2,182 shares during the period. SG Americas Securities LLC’s holdings in International Money Express were worth $240,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in shares of International Money Express by 7.5% in the third quarter. Wellington Management Group LLP now owns 1,556,925 shares of the company’s stock worth $28,788,000 after buying an additional 109,293 shares in the last quarter. Forager Capital Management LLC lifted its stake in International Money Express by 27.1% in the 3rd quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock worth $22,580,000 after purchasing an additional 260,000 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in International Money Express by 17.2% in 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. New South Capital Management Inc. bought a new position in International Money Express in the 3rd quarter valued at $17,055,000. Finally, Royce & Associates LP grew its position in shares of International Money Express by 9.8% during the 3rd quarter. Royce & Associates LP now owns 557,189 shares of the company’s stock valued at $10,302,000 after purchasing an additional 49,582 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

International Money Express Price Performance

IMXI opened at $18.47 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $574.42 million, a P/E ratio of 10.32 and a beta of 0.87. The stock has a 50-day moving average price of $20.55 and a 200-day moving average price of $19.40. International Money Express, Inc. has a 12-month low of $16.17 and a 12-month high of $23.28.

Wall Street Analyst Weigh In

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

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.