Price T Rowe Associates Inc. MD Lowers Position in International Money Express, Inc. (NASDAQ:IMXI)

Price T Rowe Associates Inc. MD trimmed its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 17.6% during the 4th quarter, Holdings Channel reports. The fund owned 75,364 shares of the company’s stock after selling 16,051 shares during the period. Price T Rowe Associates Inc. MD’s holdings in International Money Express were worth $1,571,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IMXI. SG Americas Securities LLC boosted its stake in shares of International Money Express by 23.4% during the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock valued at $240,000 after purchasing an additional 2,182 shares in the last quarter. Jump Financial LLC purchased a new stake in International Money Express during the fourth quarter worth $281,000. Integrated Quantitative Investments LLC bought a new stake in International Money Express during the 4th quarter valued at $292,000. Wells Fargo & Company MN increased its holdings in shares of International Money Express by 51.0% in the 4th quarter. Wells Fargo & Company MN now owns 14,960 shares of the company’s stock valued at $312,000 after acquiring an additional 5,050 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of International Money Express in the 4th quarter worth $332,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on IMXI. Monness Crespi & Hardt lowered International Money Express from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of International Money Express in a research report on Monday, April 7th. Finally, UBS Group decreased their target price on shares of International Money Express from $22.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, International Money Express has an average rating of “Hold” and an average target price of $24.50.

International Money Express Stock Performance

Shares of International Money Express stock opened at $10.85 on Friday. The company has a 50 day moving average price of $12.66 and a 200 day moving average price of $17.28. The firm has a market capitalization of $326.89 million, a P/E ratio of 6.06 and a beta of 1.23. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. International Money Express, Inc. has a 52 week low of $10.07 and a 52 week high of $22.38.

International Money Express 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.