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

First Eagle Investment Management LLC grew its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 637,034 shares of the company’s stock after buying an additional 31,529 shares during the quarter. First Eagle Investment Management LLC owned 2.05% of International Money Express worth $13,269,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of International Money Express by 23.4% during the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock valued at $240,000 after buying an additional 2,182 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in International Money Express by 90.7% in the third quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company’s stock worth $214,000 after purchasing an additional 5,499 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in International Money Express in the fourth quarter worth approximately $332,000. SkyView Investment Advisors LLC boosted its holdings in International Money Express by 3.2% in the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock worth $374,000 after purchasing an additional 637 shares during the last quarter. Finally, 272 Capital LP purchased a new stake in International Money Express in the third quarter worth approximately $390,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

International Money Express Stock Up 2.2 %

IMXI opened at $13.25 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. International Money Express, Inc. has a 1-year low of $12.82 and a 1-year high of $23.28. The company has a market capitalization of $406.14 million, a PE ratio of 7.40 and a beta of 0.87. The firm’s 50 day simple moving average is $18.01 and its two-hundred day simple moving average is $18.89.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IMXI. Needham & Company LLC dropped their target price on shares of International Money Express from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. UBS Group dropped their target price on shares of International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Finally, Monness Crespi & Hardt cut shares of International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, International Money Express currently has a consensus rating of “Hold” and a consensus target price of $24.50.

International Money Express Company 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.