Wellington Management Group LLP Raises Position in International Money Express, Inc. (NASDAQ:IMXI)

Wellington Management Group LLP lifted its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,556,925 shares of the company’s stock after acquiring an additional 109,293 shares during the quarter. Wellington Management Group LLP owned 0.05% of International Money Express worth $28,788,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in IMXI. New South Capital Management Inc. purchased a new stake in International Money Express in the 3rd quarter valued at approximately $17,055,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of International Money Express in the 3rd quarter valued at approximately $4,854,000. First Eagle Investment Management LLC boosted its stake in shares of International Money Express by 46.9% in the second quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock valued at $9,946,000 after buying an additional 152,464 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its holdings in International Money Express by 17.2% during the third quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company’s stock worth $18,396,000 after acquiring an additional 145,686 shares during the period. Finally, Millennium Management LLC raised its position in International Money Express by 92.6% in the second quarter. Millennium Management LLC now owns 191,691 shares of the company’s stock worth $3,995,000 after acquiring an additional 92,154 shares in the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IMXI has been the topic of several research analyst reports. Needham & Company LLC boosted their target price on shares of International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. BMO Capital Markets boosted their price objective on shares of International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Monness Crespi & Hardt lowered their target price on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Oppenheimer started coverage on shares of International Money Express in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Finally, Northland Securities upped their price target on International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

International Money Express Price Performance

Shares of NASDAQ IMXI opened at $21.59 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 company’s 50-day moving average price is $19.49 and its 200 day moving average price is $19.49. International Money Express, Inc. has a 52 week low of $16.17 and a 52 week high of $23.28. The stock has a market cap of $671.43 million, a price-to-earnings ratio of 12.06 and a beta of 0.88.

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.