Rockefeller Capital Management L.P. Reduces Holdings in International Money Express, Inc. (NASDAQ:IMXI)

Rockefeller Capital Management L.P. trimmed its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 15.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 395,133 shares of the company's stock after selling 71,946 shares during the quarter. Rockefeller Capital Management L.P. owned 1.27% of International Money Express worth $8,231,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. LSV Asset Management raised its stake in shares of International Money Express by 40.7% in the 4th quarter. LSV Asset Management now owns 1,082,780 shares of the company's stock valued at $22,554,000 after acquiring an additional 313,303 shares during the period. Renaissance Technologies LLC lifted its stake in International Money Express by 25.5% during the fourth quarter. Renaissance Technologies LLC now owns 147,300 shares of the company's stock worth $3,068,000 after purchasing an additional 29,900 shares in the last quarter. Invesco Ltd. grew its stake in shares of International Money Express by 5.2% in the fourth quarter. Invesco Ltd. now owns 66,643 shares of the company's stock valued at $1,388,000 after buying an additional 3,322 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in International Money Express by 0.8% during the 4th quarter. Russell Investments Group Ltd. now owns 87,458 shares of the company's stock worth $1,822,000 after acquiring an additional 698 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in International Money Express by 51.0% during the 4th quarter. Wells Fargo & Company MN now owns 14,960 shares of the company's stock valued at $312,000 after acquiring an additional 5,050 shares during the period. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IMXI has been the topic of several research reports. Needham & Company LLC reissued a "buy" rating and set a $20.00 price target on shares of International Money Express in a research report on Monday, April 7th. Monness Crespi & Hardt cut shares of International Money Express from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Finally, UBS Group decreased their target price on International Money Express from $22.00 to $17.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, International Money Express has an average rating of "Hold" and an average target price of $24.50.

International Money Express Stock Up 0.2 %

International Money Express stock traded up $0.02 during midday trading on Tuesday, reaching $12.12. The company's stock had a trading volume of 14,451 shares, compared to its average volume of 275,409. The company has a market cap of $371.50 million, a P/E ratio of 6.77 and a beta of 1.01. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. The business has a 50-day simple moving average of $14.02 and a 200-day simple moving average of $17.78. International Money Express, Inc. has a fifty-two week low of $11.27 and a fifty-two week high of $22.38.

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.