International Money Express, Inc. (NASDAQ:IMXI) Shares Bought by New South Capital Management Inc.

New South Capital Management Inc. grew its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 22.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,132,107 shares of the company’s stock after acquiring an additional 209,711 shares during the period. New South Capital Management Inc. owned about 3.64% of International Money Express worth $23,582,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. acquired a new stake in shares of International Money Express during the 3rd quarter valued at $633,000. Barclays PLC lifted its holdings in shares of International Money Express by 137.1% in the third quarter. Barclays PLC now owns 73,260 shares of the company’s stock valued at $1,355,000 after purchasing an additional 42,367 shares in the last quarter. Forager Capital Management LLC lifted its holdings in shares of International Money Express by 27.1% in the third quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock valued at $22,580,000 after purchasing an additional 260,000 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of International Money Express by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 221,109 shares of the company’s stock valued at $4,088,000 after purchasing an additional 17,452 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of International Money Express in the third quarter valued at $4,598,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Trading Down 3.2 %

NASDAQ IMXI opened at $14.23 on Thursday. 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 company has a market capitalization of $436.18 million, a PE ratio of 7.95 and a beta of 0.87. International Money Express, Inc. has a 1-year low of $14.10 and a 1-year high of $23.28. The firm’s fifty day simple moving average is $19.14 and its 200-day simple moving average is $19.11.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on IMXI shares. BMO Capital Markets increased their target price on International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Northland Securities increased their target price on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Needham & Company LLC reduced their target price on International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a report on Monday. UBS Group reduced their target price on International Money Express from $22.00 to $17.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Monness Crespi & Hardt downgraded shares of International Money Express from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $24.50.

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.