Corient Private Wealth LLC Cuts Stock Position in International Money Express, Inc. (NASDAQ:IMXI)

Corient Private Wealth LLC trimmed its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 36.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,175 shares of the company’s stock after selling 44,547 shares during the period. Corient Private Wealth LLC owned about 0.24% of International Money Express worth $1,587,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of IMXI. Royce & Associates LP raised its stake in shares of International Money Express by 15.7% during the fourth quarter. Royce & Associates LP now owns 644,710 shares of the company’s stock worth $13,429,000 after acquiring an additional 87,521 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in International Money Express by 5.2% in the fourth quarter. First Eagle Investment Management LLC now owns 637,034 shares of the company’s stock worth $13,269,000 after purchasing an additional 31,529 shares during the last quarter. New South Capital Management Inc. boosted its position in International Money Express by 22.7% during the fourth quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company’s stock valued at $23,582,000 after buying an additional 209,711 shares during the period. Proficio Capital Partners LLC bought a new position in shares of International Money Express during the fourth quarter valued at about $332,000. Finally, Bank of New York Mellon Corp grew its stake in shares of International Money Express by 11.1% during the fourth quarter. Bank of New York Mellon Corp now owns 114,030 shares of the company’s stock valued at $2,375,000 after buying an additional 11,388 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

International Money Express Stock Up 0.5 %

Shares of NASDAQ IMXI opened at $13.47 on Wednesday. The firm has a fifty day simple moving average of $17.02 and a two-hundred day simple moving average of $18.67. The firm has a market capitalization of $412.88 million, a PE ratio of 7.53 and a beta of 0.87. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. International Money Express, Inc. has a 12 month low of $12.82 and a 12 month high of $23.28.

Analyst Ratings Changes

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

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.