Wellington Management Group LLP Has $31.89 Million Stock Position in International Money Express, Inc. (NASDAQ:IMXI)

Wellington Management Group LLP decreased its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,531,128 shares of the company's stock after selling 25,797 shares during the period. Wellington Management Group LLP owned approximately 4.92% of International Money Express worth $31,893,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in IMXI. Public Employees Retirement System of Ohio bought a new stake in International Money Express in the third quarter valued at about $4,598,000. Barclays PLC increased its stake in shares of International Money Express by 137.1% in the 3rd quarter. Barclays PLC now owns 73,260 shares of the company's stock valued at $1,355,000 after acquiring an additional 42,367 shares during the last quarter. M&T Bank Corp increased its stake in shares of International Money Express by 29.6% in the 3rd quarter. M&T Bank Corp now owns 105,754 shares of the company's stock valued at $1,955,000 after acquiring an additional 24,175 shares during the last quarter. Bullseye Asset Management LLC raised its position in shares of International Money Express by 3.1% in the 3rd quarter. Bullseye Asset Management LLC now owns 236,692 shares of the company's stock valued at $4,376,000 after acquiring an additional 7,069 shares during the period. Finally, First Sabrepoint Capital Management LP bought a new position in International Money Express during the 3rd quarter worth approximately $2,752,000. Institutional investors and hedge funds own 86.71% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on IMXI shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 target price on shares of International Money Express in a research note on Monday. 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 dropped their price objective on 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $24.50.

International Money Express Stock Down 1.2 %

Shares of NASDAQ:IMXI traded down $0.14 during midday trading on Friday, reaching $11.76. 243,324 shares of the company were exchanged, compared to its average volume of 270,588. The firm has a market cap of $360.47 million, a PE ratio of 6.57 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. International Money Express, Inc. has a fifty-two week low of $11.27 and a fifty-two week high of $22.38. The stock has a fifty day simple moving average of $14.78 and a two-hundred day simple moving average of $18.02.

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.