Vanguard Group Inc. Sells 164,334 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Vanguard Group Inc. decreased its stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 7.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,128,602 shares of the company's stock after selling 164,334 shares during the period. Vanguard Group Inc. owned 6.84% of International Money Express worth $44,339,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IMXI. New South Capital Management Inc. increased its position in shares of International Money Express by 22.7% during the 4th quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company's stock worth $23,582,000 after purchasing an additional 209,711 shares during the last quarter. Investment Management Associates Inc. ADV lifted its stake in International Money Express by 1.9% in the fourth quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company's stock valued at $18,731,000 after acquiring an additional 16,530 shares during the last quarter. Royce & Associates LP increased its stake in shares of International Money Express by 15.7% during the 4th quarter. Royce & Associates LP now owns 644,710 shares of the company's stock worth $13,429,000 after purchasing an additional 87,521 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of International Money Express by 5.2% during the 4th quarter. First Eagle Investment Management LLC now owns 637,034 shares of the company's stock worth $13,269,000 after purchasing an additional 31,529 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in International Money Express by 37.4% in the 4th quarter. American Century Companies Inc. now owns 251,900 shares of the company's stock valued at $5,247,000 after purchasing an additional 68,545 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IMXI. Needham & Company LLC restated a "buy" rating and set a $20.00 price objective on shares of International Money Express in a research report on Monday, April 7th. UBS Group decreased 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 report 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 given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $24.50.

International Money Express Price Performance

IMXI stock traded up $0.10 during trading on Thursday, reaching $12.11. 47,332 shares of the company were exchanged, compared to its average volume of 308,757. International Money Express, Inc. has a twelve month low of $11.27 and a twelve month high of $22.38. 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 company has a market capitalization of $371.13 million, a price-to-earnings ratio of 6.76 and a beta of 1.01. The company has a 50-day moving average of $14.38 and a two-hundred day moving average of $17.89.

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.