Bank of New York Mellon Corp Sells 4,704 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Bank of New York Mellon Corp decreased its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 4.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 109,326 shares of the company’s stock after selling 4,704 shares during the quarter. Bank of New York Mellon Corp’s holdings in International Money Express were worth $1,380,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. ABS Direct Equity Fund LLC boosted its holdings in International Money Express by 33.3% in the 1st quarter. ABS Direct Equity Fund LLC now owns 100,000 shares of the company’s stock valued at $1,262,000 after purchasing an additional 25,000 shares during the period. Rhumbline Advisers boosted its holdings in International Money Express by 11.4% in the 1st quarter. Rhumbline Advisers now owns 50,607 shares of the company’s stock valued at $639,000 after purchasing an additional 5,189 shares during the period. GAMMA Investing LLC boosted its holdings in International Money Express by 7,708.8% in the 1st quarter. GAMMA Investing LLC now owns 6,247 shares of the company’s stock valued at $790,000 after purchasing an additional 6,167 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in International Money Express in the 4th quarter valued at about $3,120,000. Finally, Public Employees Retirement System of Ohio raised its position in shares of International Money Express by 31.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 326,180 shares of the company’s stock valued at $6,794,000 after buying an additional 77,515 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on IMXI shares. BMO Capital Markets cut shares of International Money Express from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $18.00 to $11.00 in a research report on Friday, May 9th. UBS Group dropped their target price on shares of International Money Express from $17.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, May 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of International Money Express in a research report on Monday, April 7th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, International Money Express presently has a consensus rating of “Hold” and an average target price of $19.60.

International Money Express Price Performance

Shares of NASDAQ:IMXI opened at $8.93 on Thursday. The firm has a 50 day moving average of $10.36 and a 200-day moving average of $13.29. The stock has a market capitalization of $269.06 million, a PE ratio of 5.28 and a beta of 1.04. International Money Express, Inc. has a 12 month low of $8.91 and a 12 month high of $22.38. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 1.18.

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.