Tudor Investment Corp ET AL Acquires 262,725 Shares of International Money Express, Inc. $IMXI

Tudor Investment Corp ET AL increased its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 2,255.0% in the third quarter, Holdings Channel reports. The institutional investor owned 274,376 shares of the company’s stock after buying an additional 262,725 shares during the period. Tudor Investment Corp ET AL’s holdings in International Money Express were worth $3,833,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in IMXI. Alliancebernstein L.P. raised its holdings in International Money Express by 6,041.0% in the 3rd quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company’s stock valued at $28,791,000 after acquiring an additional 2,027,344 shares in the last quarter. Magnetar Financial LLC grew its holdings in shares of International Money Express by 3,580.7% during the 3rd quarter. Magnetar Financial LLC now owns 1,871,975 shares of the company’s stock worth $26,151,000 after purchasing an additional 1,821,116 shares in the last quarter. Man Group plc bought a new position in shares of International Money Express in the third quarter worth $7,921,000. Alpine Associates Management Inc. bought a new position in shares of International Money Express in the third quarter worth $5,848,000. Finally, Squarepoint Ops LLC raised its stake in International Money Express by 1,606.7% in the third quarter. Squarepoint Ops LLC now owns 353,740 shares of the company’s stock valued at $4,942,000 after purchasing an additional 333,013 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors.

International Money Express Stock Down 0.2%

Shares of IMXI opened at $15.82 on Friday. The firm has a 50 day simple moving average of $15.65 and a two-hundred day simple moving average of $15.20. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.51 and a quick ratio of 2.51. International Money Express, Inc. has a one year low of $8.58 and a one year high of $15.90. The company has a market cap of $476.77 million, a P/E ratio of 14.65 and a beta of 0.86.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings data on Friday, March 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.12). The business had revenue of $147.41 million for the quarter, compared to the consensus estimate of $162.95 million. International Money Express had a return on equity of 29.00% and a net margin of 5.38%. Research analysts forecast that International Money Express, Inc. will post 1.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $14.33.

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.