International Money Express, Inc. (NASDAQ:IMXI) Shares Sold by Boston Partners

Boston Partners reduced its position in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 97.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,241 shares of the company's stock after selling 505,877 shares during the period. Boston Partners' holdings in International Money Express were worth $255,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. purchased a new stake in International Money Express during the 3rd quarter valued at about $633,000. Barclays PLC increased its holdings in shares of International Money Express by 137.1% in the third 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 lifted its position in 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 buying an additional 260,000 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in International Money Express by 8.6% during the third quarter. JPMorgan Chase & Co. now owns 221,109 shares of the company's stock worth $4,088,000 after buying an additional 17,452 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in International Money Express in the 3rd quarter valued at $4,598,000. Institutional investors and hedge funds own 86.71% of the company's stock.

Analyst Ratings Changes

IMXI has been the subject of a number of research analyst reports. Needham & Company LLC lowered their price target on International Money Express from $25.00 to $20.00 and set a "buy" rating for the company in a report 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 report on Tuesday, March 4th. Finally, Monness Crespi & Hardt cut International Money Express from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $24.50.

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International Money Express Price Performance

Shares of NASDAQ IMXI traded up $0.07 on Thursday, hitting $13.54. The company's stock had a trading volume of 205,301 shares, compared to its average volume of 255,868. The stock has a 50 day moving average of $16.87 and a 200-day moving average of $18.64. The company has a market capitalization of $415.03 million, a price-to-earnings ratio of 7.56 and a beta of 0.87. International Money Express, Inc. has a 12-month low of $12.82 and a 12-month high of $23.28. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80.

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.