Magnetar Financial LLC Boosts Stock Holdings in International Money Express, Inc. $IMXI

Magnetar Financial LLC increased its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,916,571 shares of the company’s stock after purchasing an additional 44,596 shares during the period. Magnetar Financial LLC owned approximately 6.45% of International Money Express worth $29,439,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in International Money Express during the second quarter worth about $40,000. State of Alaska Department of Revenue purchased a new position in International Money Express during the fourth quarter worth about $138,000. PenderFund Capital Management Ltd. purchased a new position in International Money Express in the third quarter valued at about $133,000. Fifth Lane Capital LP purchased a new position in International Money Express in the third quarter valued at about $140,000. Finally, Gamco Investors INC. ET AL purchased a new position in International Money Express in the third quarter valued at about $168,000. 86.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IMXI shares. Weiss Ratings cut shares of International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Wall Street Zen raised shares of International Money Express from a “sell” rating to a “hold” rating in a report on Monday. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

International Money Express Trading Up 0.5%

Shares of International Money Express stock opened at $14.86 on Wednesday. International Money Express, Inc. has a 12-month low of $8.58 and a 12-month high of $15.95. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 1.57. The stock has a market cap of $447.14 million, a PE ratio of 17.48 and a beta of 0.75. The company has a 50-day moving average of $15.48 and a two-hundred day moving average of $15.53.

International Money Express (NASDAQ:IMXI) last issued its 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 analysts’ expectations of $141.02 million. On average, research analysts anticipate that International Money Express, Inc. will post 1.86 EPS for the current fiscal 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.