State Street Corp Sells 2,108 Shares of International Money Express, Inc. (NASDAQ:IMXI)

State Street Corp lessened its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 0.3% during the third quarter, HoldingsChannel.com reports. The firm owned 734,819 shares of the company’s stock after selling 2,108 shares during the period. State Street Corp’s holdings in International Money Express were worth $13,587,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IMXI. New South Capital Management Inc. acquired a new stake in International Money Express in the 3rd quarter valued at $17,055,000. Hotchkis & Wiley Capital Management LLC bought a new position in shares of International Money Express in the 3rd quarter valued at about $4,854,000. First Eagle Investment Management LLC increased its position in shares of 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 valued at $9,946,000 after acquiring an additional 152,464 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its position in shares of International Money Express by 17.2% in the third quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company’s stock valued at $18,396,000 after acquiring an additional 145,686 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in International Money Express by 92.6% during the second quarter. Millennium Management LLC now owns 191,691 shares of the company’s stock worth $3,995,000 after acquiring an additional 92,154 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Trading Up 1.6 %

Shares of IMXI stock opened at $20.70 on Thursday. International Money Express, Inc. has a 12-month low of $16.17 and a 12-month high of $23.28. The firm has a 50 day moving average price of $20.06 and a two-hundred day moving average price of $19.47. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $643.75 million, a PE ratio of 11.56 and a beta of 0.88.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Monness Crespi & Hardt lowered their price target on International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. BMO Capital Markets upped their price target on shares of International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Northland Securities boosted their price objective on shares of International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Needham & Company LLC upped their target price on shares of International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Oppenheimer started coverage on International Money Express in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

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.