Quantbot Technologies LP Has $113,000 Stock Holdings in International Money Express, Inc. (NASDAQ:IMXI)

Quantbot Technologies LP trimmed its position in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 82.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in IMXI. Wellington Management Group LLP boosted its position in shares of International Money Express by 7.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,556,925 shares of the company's stock valued at $28,788,000 after acquiring an additional 109,293 shares in the last quarter. Forager Capital Management LLC lifted its stake 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 purchasing an additional 260,000 shares during the period. New South Capital Management Inc. boosted its holdings 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 valued at $23,582,000 after purchasing an additional 209,711 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its stake in shares of International Money Express by 17.2% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company's stock valued at $18,396,000 after purchasing an additional 145,686 shares during the period. Finally, Investment Management Associates Inc. ADV raised its holdings in shares of International Money Express by 1.9% in the 4th quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company's stock worth $18,731,000 after buying an additional 16,530 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on IMXI shares. UBS Group reduced their target price on shares of International Money Express from $22.00 to $17.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. 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. Finally, Needham & Company LLC dropped their price objective 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $24.50.

International Money Express Price Performance

Shares of IMXI traded up $0.13 during mid-day trading on Friday, hitting $12.26. 406,220 shares of the company traded hands, compared to its average volume of 265,961. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. The business has a 50-day moving average of $15.79 and a 200 day moving average of $18.37. International Money Express, Inc. has a one year low of $11.78 and a one year high of $22.83. The stock has a market capitalization of $375.79 million, a price-to-earnings ratio of 6.85 and a beta of 1.01.

International Money Express Company 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.