UBS Group AG Boosts Stake in International Money Express, Inc. $IMXI

UBS Group AG grew its stake in International Money Express, Inc. (NASDAQ:IMXI) by 198.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,427 shares of the company’s stock after buying an additional 95,351 shares during the period. UBS Group AG’s holdings in International Money Express were worth $2,203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in IMXI. Raymond James Financial Inc. purchased a new position in shares of International Money Express in the second quarter worth $40,000. New York State Common Retirement Fund raised its holdings in shares of International Money Express by 7,457.6% in the third quarter. New York State Common Retirement Fund now owns 8,918 shares of the company’s stock worth $125,000 after buying an additional 8,800 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of International Money Express in the second quarter worth $130,000. PenderFund Capital Management Ltd. purchased a new position in shares of International Money Express in the third quarter worth $133,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of International Money Express in the fourth quarter worth $138,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

IMXI has been the topic of a number of research reports. Wall Street Zen lowered shares of International Money Express from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings lowered shares of International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, International Money Express currently has a consensus rating of “Reduce”.

International Money Express Stock Down 0.5%

International Money Express stock opened at $15.17 on Thursday. The firm has a market cap of $456.47 million, a price-to-earnings ratio of 17.85 and a beta of 0.78. International Money Express, Inc. has a 52 week low of $8.58 and a 52 week high of $15.95. The business’s 50-day moving average price is $15.71 and its 200 day moving average price is $15.54. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 1.57.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.28). International Money Express had a net margin of 4.34% and a return on equity of 23.26%. The company had revenue of $121.95 million during the quarter, compared to analyst estimates of $141.02 million. As a group, sell-side analysts anticipate that International Money Express, Inc. will post 1.86 earnings per share for the current year.

International Money Express Company Profile

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.