Teacher Retirement System of Texas Raises Stock Holdings in International Money Express, Inc. (NASDAQ:IMXI)

Teacher Retirement System of Texas grew its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 32.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,625 shares of the company’s stock after acquiring an additional 27,929 shares during the period. Teacher Retirement System of Texas owned about 0.37% of International Money Express worth $2,388,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Intech Investment Management LLC bought a new stake in shares of International Money Express during the 4th quarter valued at about $339,000. Royce & Associates LP increased its holdings in shares of International Money Express by 15.7% during the fourth quarter. Royce & Associates LP now owns 644,710 shares of the company’s stock valued at $13,429,000 after purchasing an additional 87,521 shares during the period. First Eagle Investment Management LLC raised its position in shares of International Money Express by 5.2% during the 4th quarter. First Eagle Investment Management LLC now owns 637,034 shares of the company’s stock worth $13,269,000 after buying an additional 31,529 shares in the last quarter. New South Capital Management Inc. raised its holdings in International Money Express by 22.7% during the fourth quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company’s stock worth $23,582,000 after purchasing an additional 209,711 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of International Money Express in the fourth quarter valued at $332,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Stock Performance

Shares of IMXI stock opened at $13.47 on Thursday. The company has a market capitalization of $412.88 million, a price-to-earnings ratio of 7.53 and a beta of 0.87. International Money Express, Inc. has a 1-year low of $12.82 and a 1-year high of $23.28. 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 stock’s fifty day simple moving average is $16.87 and its 200-day simple moving average is $18.64.

Wall Street Analysts Forecast Growth

IMXI has been the subject of several recent research reports. Needham & Company LLC cut their target price on shares of International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Monness Crespi & Hardt lowered International Money Express from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Finally, UBS Group cut their target price on International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.