New South Capital Management Inc. Has $23.58 Million Stake in International Money Express, Inc. (NASDAQ:IMXI)

New South Capital Management Inc. boosted its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 22.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,132,107 shares of the company’s stock after buying an additional 209,711 shares during the period. New South Capital Management Inc.’s holdings in International Money Express were worth $23,582,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its holdings in International Money Express by 90.7% during the third quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company’s stock valued at $214,000 after acquiring an additional 5,499 shares during the period. SG Americas Securities LLC boosted its holdings in 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 acquiring an additional 2,182 shares during the period. Proficio Capital Partners LLC bought a new stake in International Money Express during the fourth quarter valued at about $332,000. SkyView Investment Advisors LLC boosted its holdings in International Money Express by 3.2% during the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock valued at $374,000 after acquiring an additional 637 shares during the period. Finally, 272 Capital LP bought a new stake in International Money Express during the third quarter valued at about $390,000. 86.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

International Money Express Stock Down 3.2 %

Shares of IMXI opened at $14.23 on Thursday. The stock has a market cap of $436.18 million, a price-to-earnings ratio of 7.95 and a beta of 0.87. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. International Money Express, Inc. has a 12 month low of $14.10 and a 12 month high of $23.28. The company has a 50-day moving average price of $19.14 and a two-hundred day moving average price of $19.11.

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.