Breach Inlet Capital Management LLC Cuts Holdings in International Money Express, Inc. (NASDAQ:IMXI)

Breach Inlet Capital Management LLC lowered its stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 511,245 shares of the company's stock after selling 122,328 shares during the period. International Money Express makes up 7.5% of Breach Inlet Capital Management LLC's portfolio, making the stock its 9th largest holding. Breach Inlet Capital Management LLC owned 1.64% of International Money Express worth $10,649,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Wellington Management Group LLP raised its position in shares of International Money Express by 7.5% in the third quarter. Wellington Management Group LLP now owns 1,556,925 shares of the company's stock valued at $28,788,000 after buying an additional 109,293 shares in the last quarter. Forager Capital Management LLC raised its position in shares of International Money Express by 27.1% during the third quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company's stock worth $22,580,000 after acquiring an additional 260,000 shares during the last quarter. New South Capital Management Inc. raised its stake 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 worth $23,582,000 after buying an additional 209,711 shares during the last quarter. Investment Management Associates Inc. ADV grew its stake in International Money Express by 1.9% during the fourth 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 period. Finally, Geode Capital Management LLC lifted its position in shares of International Money Express by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 850,766 shares of the company's stock valued at $17,725,000 after acquiring an additional 2,292 shares during the period. 86.71% of the stock is owned by institutional investors.

International Money Express Stock Performance

Shares of International Money Express stock traded down $0.44 during trading hours on Thursday, reaching $11.90. The company had a trading volume of 105,305 shares, compared to its average volume of 269,139. International Money Express, Inc. has a one year low of $11.27 and a one year high of $22.38. The firm has a market cap of $364.76 million, a PE ratio of 6.61 and a beta of 1.01. 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 business has a fifty day simple moving average of $15.06 and a 200 day simple moving average of $18.12.

Wall Street Analysts Forecast Growth

IMXI has been the subject of several research reports. Needham & Company LLC restated a "buy" rating and issued a $20.00 target price on shares of International Money Express in a research note on Monday. UBS Group decreased 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 research note on Tuesday, March 4th. Finally, Monness Crespi & Hardt downgraded 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $24.50.

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.