First Eagle Investment Management LLC Boosts Position in International Money Express, Inc. (NASDAQ:IMXI)

First Eagle Investment Management LLC grew its position in International Money Express, Inc. (NASDAQ:IMXI) by 46.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 477,273 shares of the company’s stock after purchasing an additional 152,464 shares during the period. First Eagle Investment Management LLC’s holdings in International Money Express were worth $9,946,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in International Money Express by 95.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 97,072 shares of the company’s stock valued at $2,217,000 after acquiring an additional 47,385 shares during the last quarter. Breach Inlet Capital Management LLC acquired a new stake in shares of International Money Express in the fourth quarter valued at approximately $9,736,000. Janney Montgomery Scott LLC acquired a new stake in shares of International Money Express in the first quarter valued at approximately $562,000. LSV Asset Management increased its stake in shares of International Money Express by 3,421.5% during the 1st quarter. LSV Asset Management now owns 692,853 shares of the company’s stock worth $15,818,000 after purchasing an additional 673,178 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of International Money Express during the 4th quarter worth approximately $501,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Needham & Company LLC dropped their price target 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. BTIG Research reaffirmed a “neutral” rating on shares of International Money Express in a research note on Wednesday, August 7th. Finally, Northland Securities cut their target price on shares of International Money Express from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, International Money Express currently has a consensus rating of “Moderate Buy” and an average target price of $24.17.

International Money Express Trading Up 1.0 %

Shares of International Money Express stock opened at $19.12 on Friday. The firm has a market cap of $624.08 million, a PE ratio of 11.45 and a beta of 0.82. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 1.57. International Money Express, Inc. has a fifty-two week low of $15.76 and a fifty-two week high of $23.28. The business’s fifty day moving average is $18.95 and its two-hundred day moving average is $20.30.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $171.53 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 earnings per share. Analysts anticipate that International Money Express, Inc. will post 1.98 earnings per share for the current year.

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.