International Money Express, Inc. (NASDAQ:IMXI) Stock Holdings Lowered by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 44.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,167 shares of the company’s stock after selling 12,360 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in International Money Express were worth $335,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of International Money Express in the fourth quarter worth approximately $38,000. New York State Teachers Retirement System purchased a new position in shares of International Money Express in the fourth quarter worth approximately $65,000. DekaBank Deutsche Girozentrale purchased a new position in shares of International Money Express in the fourth quarter worth approximately $95,000. SG Americas Securities LLC purchased a new position in shares of International Money Express in the third quarter worth approximately $130,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of International Money Express by 39.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,071 shares of the company’s stock worth $154,000 after acquiring an additional 2,585 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors.

International Money Express Stock Performance

Shares of IMXI opened at $21.36 on Friday. The company’s 50 day moving average price is $21.40 and its 200 day moving average price is $20.56. International Money Express, Inc. has a 52 week low of $15.76 and a 52 week high of $26.71. The company has a market capitalization of $720.47 million, a PE ratio of 13.10 and a beta of 0.73. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.94 and a current ratio of 1.94.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. International Money Express had a net margin of 9.03% and a return on equity of 42.30%. The firm had revenue of $171.78 million for the quarter, compared to the consensus estimate of $175.55 million. Research analysts expect that International Money Express, Inc. will post 2.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IMXI. Monness Crespi & Hardt began coverage on shares of International Money Express in a research report on Wednesday, March 20th. They issued a “buy” rating and a $27.00 target price on the stock. BMO Capital Markets dropped their target price on shares of International Money Express from $30.00 to $29.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.00.

Insider Buying and Selling at International Money Express

In other International Money Express news, insider Joseph Aguilar sold 23,700 shares of International Money Express stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $21.13, for a total value of $500,781.00. Following the completion of the sale, the insider now directly owns 105,677 shares in the company, valued at $2,232,955.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 10.50% of the company’s stock.

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.