Corient Private Wealth LLC Has $1.59 Million Stock Position in International Money Express, Inc. (NASDAQ:IMXI)

Corient Private Wealth LLC reduced its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 36.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,175 shares of the company's stock after selling 44,547 shares during the quarter. Corient Private Wealth LLC owned 0.24% of International Money Express worth $1,587,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IMXI. Royce & Associates LP raised its holdings in shares of International Money Express by 15.7% in the 4th quarter. Royce & Associates LP now owns 644,710 shares of the company's stock valued at $13,429,000 after acquiring an additional 87,521 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in International Money Express by 5.2% during the fourth quarter. First Eagle Investment Management LLC now owns 637,034 shares of the company's stock worth $13,269,000 after acquiring an additional 31,529 shares in the last quarter. New South Capital Management Inc. grew its stake 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 worth $23,582,000 after acquiring an additional 209,711 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in International Money Express during the 4th quarter valued at $332,000. Finally, Bank of New York Mellon Corp grew its position in International Money Express by 11.1% in 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 period. Hedge funds and other institutional investors own 86.71% of the company's stock.

International Money Express Trading Down 4.4 %

NASDAQ IMXI traded down $0.59 during mid-day trading on Friday, hitting $12.95. The company's stock had a trading volume of 315,947 shares, compared to its average volume of 262,290. The firm has a market capitalization of $396.94 million, a P/E ratio of 7.23 and a beta of 0.87. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. International Money Express, Inc. has a 52-week low of $12.82 and a 52-week high of $23.28. The stock's fifty day simple moving average is $16.55 and its two-hundred day simple moving average is $18.57.

Analysts Set New Price Targets

IMXI has been the subject of a number of recent analyst reports. Needham & Company LLC dropped their price objective on International Money Express from $25.00 to $20.00 and set a "buy" rating for the company in a research note on Monday, March 3rd. UBS Group lowered their price objective on shares of International Money Express from $22.00 to $17.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Finally, Monness Crespi & Hardt lowered shares of International Money Express from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, International Money Express presently has a consensus rating of "Hold" and an average target price 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.