International Money Express, Inc. $IMXI Shares Purchased by Carmignac Gestion

Carmignac Gestion boosted its stake in International Money Express, Inc. (NASDAQ:IMXI) by 202.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 138,650 shares of the company’s stock after acquiring an additional 92,848 shares during the period. Carmignac Gestion’s holdings in International Money Express were worth $2,191,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of International Money Express during the second quarter valued at about $40,000. Parallel Advisors LLC lifted its holdings in shares of International Money Express by 123.5% in the 1st quarter. Parallel Advisors LLC now owns 6,953 shares of the company’s stock worth $110,000 after acquiring an additional 3,842 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of International Money Express by 31.2% in the 4th quarter. Russell Investments Group Ltd. now owns 7,734 shares of the company’s stock worth $119,000 after acquiring an additional 1,840 shares during the last quarter. Walleye Capital LLC purchased a new position in shares of International Money Express during the 2nd quarter worth approximately $130,000. Finally, PenderFund Capital Management Ltd. purchased a new position in shares of International Money Express during the 3rd quarter worth approximately $133,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Price Performance

Shares of NASDAQ:IMXI opened at $11.86 on Monday. The firm has a market capitalization of $356.87 million, a PE ratio of 13.95 and a beta of 0.76. International Money Express, Inc. has a 1 year low of $8.58 and a 1 year high of $15.95. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.84 and a quick ratio of 2.84. The firm’s 50-day moving average is $14.23 and its two-hundred day moving average is $15.17.

International Money Express (NASDAQ:IMXI) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.13 EPS for the quarter, missing the consensus estimate 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 business had revenue of $121.95 million during the quarter, compared to analysts’ expectations of $141.02 million. Analysts predict that International Money Express, Inc. will post 1.95 EPS for the current year.

Analyst Upgrades and Downgrades

IMXI has been the topic of a number of research analyst reports. Wall Street Zen lowered International Money Express from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Weiss Ratings lowered International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, International Money Express currently has a consensus rating of “Reduce”.

International Money Express 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.