New South Capital Management Inc. Has $6.45 Million Stake in International Money Express, Inc. $IMXI

New South Capital Management Inc. lowered its position in International Money Express, Inc. (NASDAQ:IMXI) by 45.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 461,671 shares of the company’s stock after selling 390,366 shares during the quarter. New South Capital Management Inc. owned approximately 1.56% of International Money Express worth $6,450,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of IMXI. AlphaQuest LLC grew its holdings in International Money Express by 85.9% during the second quarter. AlphaQuest LLC now owns 41,017 shares of the company’s stock worth $414,000 after purchasing an additional 18,958 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of International Money Express by 89.2% in the second quarter. Envestnet Asset Management Inc. now owns 40,275 shares of the company’s stock valued at $406,000 after buying an additional 18,984 shares during the last quarter. Olympiad Research LP acquired a new stake in shares of International Money Express in the third quarter valued at approximately $964,000. Villanova Investment Management Co LLC boosted its stake in shares of International Money Express by 166.6% during the 2nd quarter. Villanova Investment Management Co LLC now owns 167,267 shares of the company’s stock worth $1,688,000 after acquiring an additional 104,524 shares during the period. Finally, ABC Arbitrage SA acquired a new position in shares of International Money Express during the 3rd quarter worth approximately $2,507,000. 86.71% of the stock is owned by institutional investors.

International Money Express Price Performance

International Money Express stock opened at $15.55 on Friday. The company has a market capitalization of $462.15 million, a price-to-earnings ratio of 12.15 and a beta of 0.87. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.17. International Money Express, Inc. has a 12 month low of $8.58 and a 12 month high of $18.68. The stock’s 50 day moving average is $15.45 and its 200-day moving average is $14.57.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of International Money Express in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.33.

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.