UBS Group AG Purchases 95,351 Shares of International Money Express, Inc. $IMXI

UBS Group AG boosted its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 198.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 143,427 shares of the company’s stock after purchasing an additional 95,351 shares during the period. UBS Group AG owned about 0.48% of International Money Express worth $2,203,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its holdings in International Money Express by 2.1% during the 2nd quarter. First Trust Advisors LP now owns 93,410 shares of the company’s stock valued at $943,000 after purchasing an additional 1,881 shares during the last quarter. Raymond James Financial Inc. bought a new position in International Money Express during the 2nd quarter valued at about $40,000. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in International Money Express by 4.4% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 166,700 shares of the company’s stock valued at $2,560,000 after purchasing an additional 7,000 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in International Money Express by 2.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 287,744 shares of the company’s stock worth $2,903,000 after acquiring an additional 7,256 shares in the last quarter. Finally, Brevan Howard Capital Management LP grew its stake in International Money Express by 26.0% in the 2nd quarter. Brevan Howard Capital Management LP now owns 35,936 shares of the company’s stock worth $363,000 after acquiring an additional 7,405 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors.

International Money Express Trading Down 0.5%

NASDAQ:IMXI opened at $15.17 on Thursday. International Money Express, Inc. has a 52 week low of $8.58 and a 52 week high of $15.95. The firm has a 50 day moving average of $15.71 and a 200 day moving average of $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. The stock has a market capitalization of $456.47 million, a price-to-earnings ratio of 17.85 and a beta of 0.78.

International Money Express (NASDAQ:IMXI) last posted its earnings results on Monday, May 11th. The company reported $0.13 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 firm had revenue of $121.95 million for the quarter, compared to analysts’ expectations 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 fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of International Money Express from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings downgraded shares of International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce”.

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.