International Money Express, Inc. (NASDAQ:IMXI) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in International Money Express, Inc. (NASDAQ:IMXI) by 10.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 58,309 shares of the company’s stock after selling 7,027 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.19% of International Money Express worth $1,078,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. acquired a new position in International Money Express in the 3rd quarter valued at about $633,000. American Century Companies Inc. boosted its stake in International Money Express by 44.1% in the second quarter. American Century Companies Inc. now owns 147,260 shares of the company’s stock valued at $3,069,000 after acquiring an additional 45,068 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of International Money Express by 46.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock valued at $9,946,000 after purchasing an additional 152,464 shares during the period. New South Capital Management Inc. purchased a new position in shares of International Money Express during the third quarter worth approximately $17,055,000. Finally, Samson Rock Capital LLP purchased a new stake in shares of International Money Express in the third quarter valued at about $1,276,000. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

International Money Express Trading Down 3.8 %

Shares of NASDAQ IMXI opened at $21.03 on Thursday. The company has a market cap of $654.01 million, a price-to-earnings ratio of 11.75 and a beta of 0.88. The stock’s 50 day simple moving average is $19.74 and its 200 day simple moving average is $19.49. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. International Money Express, Inc. has a 12-month low of $16.17 and a 12-month high of $23.28.

Analyst Ratings Changes

Several brokerages have recently weighed in on IMXI. Needham & Company LLC lifted their target price on shares of International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Monness Crespi & Hardt reduced their target price on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Oppenheimer began coverage on International Money Express in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Northland Securities lifted their target price on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, BMO Capital Markets upped their target price on International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

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.