Quantbot Technologies LP Sells 25,182 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Quantbot Technologies LP lessened its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 82.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,445 shares of the company’s stock after selling 25,182 shares during the period. Quantbot Technologies LP’s holdings in International Money Express were worth $113,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. acquired a new position in shares of International Money Express during the third quarter valued at about $633,000. Barclays PLC boosted its stake in International Money Express by 137.1% during the 3rd quarter. Barclays PLC now owns 73,260 shares of the company’s stock valued at $1,355,000 after purchasing an additional 42,367 shares during the last quarter. Forager Capital Management LLC increased its holdings in International Money Express by 27.1% during the 3rd quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock worth $22,580,000 after purchasing an additional 260,000 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of International Money Express by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 221,109 shares of the company’s stock worth $4,088,000 after purchasing an additional 17,452 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of International Money Express in the third quarter valued at approximately $4,598,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Trading Down 2.5 %

Shares of International Money Express stock opened at $12.62 on Tuesday. The stock has a fifty day moving average price of $16.38 and a 200-day moving average price of $18.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market cap of $386.83 million, a PE ratio of 7.05 and a beta of 0.87. International Money Express, Inc. has a 1 year low of $12.57 and a 1 year high of $23.28.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on IMXI shares. UBS Group lowered their price target on 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. Needham & Company LLC lowered their target price on shares of International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Finally, Monness Crespi & Hardt cut shares of International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average 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.