International Money Express, Inc. $IMXI Shares Purchased by Groupe la Francaise

Groupe la Francaise grew its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 69.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 182,941 shares of the company’s stock after purchasing an additional 74,941 shares during the quarter. Groupe la Francaise’s holdings in International Money Express were worth $2,890,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IMXI. Tudor Investment Corp ET AL boosted its position in International Money Express by 2,255.0% during the third quarter. Tudor Investment Corp ET AL now owns 274,376 shares of the company’s stock worth $3,833,000 after acquiring an additional 262,725 shares during the last quarter. Carlson Capital L.P. acquired a new position in International Money Express in the 4th quarter valued at $998,000. Caxton Associates LLP purchased a new position in shares of International Money Express during the 1st quarter worth $1,245,000. Hsbc Holdings PLC lifted its stake in shares of International Money Express by 158.1% during the 1st quarter. Hsbc Holdings PLC now owns 560,585 shares of the company’s stock worth $8,860,000 after purchasing an additional 343,381 shares during the period. Finally, UBS Group AG lifted its stake in shares of International Money Express by 198.3% during the 4th quarter. UBS Group AG now owns 143,427 shares of the company’s stock worth $2,203,000 after purchasing an additional 95,351 shares during the period. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

International Money Express Price Performance

Shares of NASDAQ IMXI opened at $11.86 on Friday. The company has a market capitalization of $356.87 million, a price-to-earnings ratio of 13.95 and a beta of 0.75. International Money Express, Inc. has a twelve month low of $8.58 and a twelve 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 firm has a 50-day moving average of $14.23 and a two-hundred day moving average of $15.17.

International Money Express (NASDAQ:IMXI) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.28). The company had revenue of $121.95 million for the quarter, compared to analyst estimates of $141.02 million. International Money Express had a return on equity of 23.26% and a net margin of 4.34%. As a group, analysts expect that International Money Express, Inc. will post 1.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on IMXI. Weiss Ratings downgraded International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of International Money Express from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average 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.