Renaissance Technologies LLC Has $2.72 Million Stock Holdings in International Money Express, Inc. (NASDAQ:IMXI)

Renaissance Technologies LLC lifted its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 83.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,700 shares of the company’s stock after buying an additional 59,600 shares during the period. Renaissance Technologies LLC owned about 0.40% of International Money Express worth $2,724,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC boosted its position in shares of International Money Express by 201.7% in the second quarter. CWM LLC now owns 3,394 shares of the company’s stock worth $71,000 after buying an additional 2,269 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of International Money Express in the second quarter worth $91,000. Meeder Asset Management Inc. boosted its position in International Money Express by 1,277.5% during the second quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock valued at $126,000 after purchasing an additional 5,621 shares during the last quarter. Lazard Asset Management LLC boosted its position in International Money Express by 41.5% during the first quarter. Lazard Asset Management LLC now owns 6,319 shares of the company’s stock valued at $143,000 after purchasing an additional 1,853 shares during the last quarter. Finally, Summit Global Investments acquired a new stake in International Money Express during the second quarter valued at $247,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Price Performance

NASDAQ IMXI opened at $18.49 on Tuesday. International Money Express, Inc. has a fifty-two week low of $15.76 and a fifty-two week high of $23.28. The stock’s 50-day moving average is $18.73 and its two-hundred day moving average is $20.23. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market cap of $603.51 million, a P/E ratio of 11.10 and a beta of 0.82.

International Money Express (NASDAQ:IMXI) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $171.53 million during the quarter, compared to the consensus estimate of $174.89 million. International Money Express had a return on equity of 43.97% and a net margin of 8.78%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. On average, analysts anticipate that International Money Express, Inc. will post 1.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on IMXI. BTIG Research reissued a “neutral” rating on shares of International Money Express in a research report on Wednesday, August 7th. Northland Securities reduced their price objective on International Money Express from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Needham & Company LLC reduced their price objective on International Money Express from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.17.

International Money Express 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.