International Money Express, Inc. (NASDAQ:IMXI) Shares Sold by Investment Management Associates Inc. ADV

Investment Management Associates Inc. ADV reduced its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 882,702 shares of the company’s stock after selling 39,609 shares during the period. International Money Express comprises 6.4% of Investment Management Associates Inc. ADV’s investment portfolio, making the stock its 6th largest holding. Investment Management Associates Inc. ADV owned approximately 2.71% of International Money Express worth $16,321,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. LSV Asset Management grew its stake in shares of International Money Express by 5.2% during the 2nd quarter. LSV Asset Management now owns 728,977 shares of the company’s stock worth $15,192,000 after acquiring an additional 36,124 shares during the period. First Eagle Investment Management LLC boosted its holdings in International Money Express by 46.9% in the second quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock worth $9,946,000 after acquiring an additional 152,464 shares in the last quarter. Summit Creek Advisors LLC lifted its holdings in International Money Express by 0.7% in the first quarter. Summit Creek Advisors LLC now owns 404,764 shares of the company’s stock valued at $9,241,000 after acquiring an additional 2,634 shares during the period. Silvercrest Asset Management Group LLC lifted its holdings in International Money Express by 4.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 374,133 shares of the company’s stock valued at $8,541,000 after acquiring an additional 16,222 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in International Money Express by 12.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 262,078 shares of the company’s stock worth $5,983,000 after buying an additional 28,207 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors.

International Money Express Price Performance

NASDAQ IMXI opened at $21.60 on Tuesday. International Money Express, Inc. has a 12 month low of $16.17 and a 12 month high of $23.28. 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 capitalization of $704.38 million, a PE ratio of 12.07 and a beta of 0.82. The company’s 50 day simple moving average is $18.08 and its 200 day simple moving average is $19.36.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on IMXI shares. Northland Securities raised their price objective on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday. Monness Crespi & Hardt lowered their price target on International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, November 4th. BTIG Research reaffirmed a “neutral” rating on shares of International Money Express in a report on Wednesday, August 7th. Needham & Company LLC dropped their price target 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. Finally, BMO Capital Markets upped their price target on International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, International Money Express has an average rating of “Moderate Buy” and a consensus price target of $26.40.

About International Money Express

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.