Wellington Management Group LLP Has $31.89 Million Stock Position in International Money Express, Inc. (NASDAQ:IMXI)

Wellington Management Group LLP cut its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 1.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,531,128 shares of the company’s stock after selling 25,797 shares during the quarter. Wellington Management Group LLP’s holdings in International Money Express were worth $31,893,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IMXI. SG Americas Securities LLC increased its stake in International Money Express by 23.4% in the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock valued at $240,000 after buying an additional 2,182 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of International Money Express in the 4th quarter valued at about $332,000. Intech Investment Management LLC acquired a new stake in shares of International Money Express in the fourth quarter valued at about $339,000. SkyView Investment Advisors LLC raised its holdings in International Money Express by 3.2% during the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock worth $374,000 after acquiring an additional 637 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in International Money Express during the fourth quarter valued at approximately $429,000. Institutional investors own 86.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on IMXI shares. UBS Group lowered their price target on International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Monness Crespi & Hardt downgraded shares of International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Finally, Needham & Company LLC cut their price target on shares of International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Money Express currently has a consensus rating of “Hold” and an average price target of $24.50.

International Money Express Stock Up 1.1 %

IMXI opened at $12.26 on Monday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. The stock’s fifty day simple moving average is $15.79 and its 200 day simple moving average is $18.36. International Money Express, Inc. has a 1-year low of $11.78 and a 1-year high of $22.83. The stock has a market cap of $375.79 million, a PE ratio of 6.85 and a beta of 1.01.

International Money Express Company Profile

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.