Swiss National Bank Sells 6,000 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Swiss National Bank trimmed its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 9.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 54,500 shares of the company’s stock after selling 6,000 shares during the quarter. Swiss National Bank’s holdings in International Money Express were worth $1,135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IMXI. New South Capital Management Inc. increased its holdings in shares of International Money Express by 22.7% in 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 purchasing an additional 209,711 shares in the last quarter. Proficio Capital Partners LLC bought a new position in International Money Express in the fourth quarter valued at about $332,000. Bank of New York Mellon Corp raised its holdings in International Money Express by 11.1% during the 4th quarter. Bank of New York Mellon Corp now owns 114,030 shares of the company’s stock worth $2,375,000 after purchasing an additional 11,388 shares during the last quarter. Investment Management Associates Inc. ADV raised its holdings in International Money Express by 1.9% during the 4th quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company’s stock worth $18,731,000 after purchasing an additional 16,530 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in International Money Express by 11.0% during the 4th quarter. Principal Financial Group Inc. now owns 38,011 shares of the company’s stock valued at $792,000 after purchasing an additional 3,753 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IMXI. Needham & Company LLC lowered 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 report on Monday, March 3rd. Monness Crespi & Hardt cut shares of International Money Express from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, UBS Group reduced 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, International Money Express currently has an average rating of “Hold” and a consensus price target of $24.50.

International Money Express Trading Down 4.4 %

IMXI opened at $12.95 on Friday. The firm’s fifty day moving average is $16.55 and its two-hundred day moving average is $18.57. The firm has a market cap of $396.94 million, a PE ratio of 7.23 and a beta of 0.87. International Money Express, Inc. has a twelve month low of $12.82 and a twelve month high of $23.28. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80.

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.