Swiss National Bank Has $1.14 Million Position in International Money Express, Inc. (NASDAQ:IMXI)

Swiss National Bank lowered its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,500 shares of the company’s stock after selling 6,000 shares during the period. Swiss National Bank owned approximately 0.18% of International Money Express worth $1,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Hotchkis & Wiley Capital Management LLC purchased a new position in International Money Express during the 3rd quarter valued at about $4,854,000. Forager Capital Management LLC increased its position in International Money Express by 27.1% in the 3rd quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock worth $22,580,000 after purchasing an additional 260,000 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of International Money Express during the 3rd quarter worth about $4,598,000. New South Capital Management Inc. lifted its holdings 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 valued at $23,582,000 after buying an additional 209,711 shares during the last quarter. Finally, First Sabrepoint Capital Management LP acquired a new stake in International Money Express in the third quarter valued at approximately $2,752,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Analyst Upgrades and Downgrades

IMXI has been the subject of a number of recent research reports. UBS Group decreased their price objective on shares of International Money Express from $22.00 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Needham & Company LLC decreased their price objective on shares of International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Finally, Monness Crespi & Hardt lowered shares of International Money Express from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $24.50.

International Money Express Stock Down 4.4 %

IMXI stock opened at $12.95 on Friday. International Money Express, Inc. has a twelve month low of $12.82 and a twelve month high of $23.28. 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 company has a market cap of $396.94 million, a PE ratio of 7.23 and a beta of 0.87. The business’s 50-day simple moving average is $16.55 and its 200 day simple moving average is $18.57.

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.