Millennium Management LLC Sells 71,579 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Millennium Management LLC lessened its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 74.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,967 shares of the company’s stock after selling 71,579 shares during the quarter. Millennium Management LLC owned about 0.08% of International Money Express worth $499,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aquatic Capital Management LLC purchased a new stake in International Money Express in the fourth quarter worth about $169,000. Lazard Asset Management LLC grew its holdings in International Money Express by 6.1% in the fourth quarter. Lazard Asset Management LLC now owns 11,361 shares of the company’s stock worth $235,000 after purchasing an additional 654 shares during the period. Jump Financial LLC purchased a new stake in International Money Express in the fourth quarter worth about $281,000. Integrated Quantitative Investments LLC purchased a new stake in International Money Express in the fourth quarter worth about $292,000. Finally, Wells Fargo & Company MN grew its holdings in International Money Express by 51.0% in the fourth quarter. Wells Fargo & Company MN now owns 14,960 shares of the company’s stock worth $312,000 after purchasing an additional 5,050 shares during the period. Hedge funds and other institutional investors own 86.71% of the company’s stock.

International Money Express Price Performance

International Money Express stock opened at $11.64 on Monday. The stock has a market cap of $350.69 million, a price-to-earnings ratio of 6.50 and a beta of 1.08. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. International Money Express, Inc. has a 1 year low of $10.07 and a 1 year high of $22.38. The firm has a 50-day moving average of $11.72 and a two-hundred day moving average of $16.07.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on IMXI shares. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of International Money Express in a report on Monday, April 7th. BMO Capital Markets cut shares of International Money Express from an “outperform” rating to a “market perform” rating and cut their price target for the company from $18.00 to $11.00 in a report on Friday, May 9th. Finally, UBS Group cut their price target on shares of International Money Express from $17.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, May 9th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.60.

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.