Cubist Systematic Strategies LLC Raises Stake in International Money Express, Inc. (NASDAQ:IMXI)

Cubist Systematic Strategies LLC lifted its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 973.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,580 shares of the company’s stock after buying an additional 16,849 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.06% of International Money Express worth $387,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in International Money Express by 95.4% during 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. First Eagle Investment Management LLC lifted its holdings in shares of International Money Express by 27.1% during the first quarter. First Eagle Investment Management LLC now owns 324,809 shares of the company’s stock worth $7,415,000 after purchasing an additional 69,250 shares during the period. Janney Montgomery Scott LLC purchased a new position in International Money Express in the 1st quarter valued at $562,000. American Century Companies Inc. grew its position in International Money Express by 44.1% in the 2nd quarter. American Century Companies Inc. now owns 147,260 shares of the company’s stock valued at $3,069,000 after buying an additional 45,068 shares during the last quarter. Finally, LSV Asset Management increased its stake in International Money Express by 3,421.5% in the 1st quarter. LSV Asset Management now owns 692,853 shares of the company’s stock valued at $15,818,000 after buying an additional 673,178 shares during the period. Hedge funds and other institutional investors own 86.71% of the company’s stock.

International Money Express Stock Performance

Shares of IMXI stock opened at $17.65 on Monday. The stock has a fifty day moving average price of $17.93 and a 200 day moving average price of $19.95. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market cap of $575.57 million, a PE ratio of 10.57 and a beta of 0.81. International Money Express, Inc. has a 1 year low of $15.76 and a 1 year high of $23.28.

International Money Express (NASDAQ:IMXI) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). International Money Express had a return on equity of 43.97% and a net margin of 8.78%. The business had revenue of $171.53 million during the quarter, compared to analysts’ expectations of $174.89 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. International Money Express’s quarterly revenue was up 1.4% on a year-over-year basis. Sell-side analysts forecast that International Money Express, Inc. will post 1.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IMXI has been the subject of several recent analyst reports. Oppenheimer initiated coverage on shares of International Money Express in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. BTIG Research reiterated a “neutral” rating on shares of International Money Express in a research report on Wednesday, August 7th. Needham & Company LLC reduced their price target on International Money Express from $25.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Northland Securities decreased their price target on International Money Express from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, International Money Express currently has a consensus rating of “Moderate Buy” and an average price target of $24.17.

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.