Teacher Retirement System of Texas Has $613,000 Position in International Money Express, Inc. (NASDAQ:IMXI)

Teacher Retirement System of Texas lessened its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 57.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 48,598 shares of the company’s stock after selling 66,027 shares during the period. Teacher Retirement System of Texas owned 0.16% of International Money Express worth $613,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of IMXI. LSV Asset Management grew its holdings in shares of International Money Express by 40.7% in the 4th quarter. LSV Asset Management now owns 1,082,780 shares of the company’s stock valued at $22,554,000 after buying an additional 313,303 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in International Money Express during the fourth quarter worth about $6,098,000. LPL Financial LLC acquired a new position in International Money Express in the fourth quarter valued at about $4,440,000. LMR Partners LLP acquired a new position in International Money Express in the fourth quarter valued at about $3,124,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in International Money Express during the 4th quarter worth approximately $3,120,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Stock Performance

Shares of IMXI stock opened at $9.82 on Wednesday. International Money Express, Inc. has a 12 month low of $9.76 and a 12 month high of $22.38. The company’s fifty day simple moving average is $10.73 and its 200-day simple moving average is $14.08. The firm has a market cap of $295.88 million, a PE ratio of 5.81 and a beta of 1.04. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.18.

Wall Street Analyst Weigh In

IMXI has been the topic of a number of research reports. 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 research note on Friday, May 9th. BMO Capital Markets cut shares of International Money Express from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $18.00 to $11.00 in a research report on Friday, May 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of International Money Express in a report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, International Money Express currently has a consensus rating of “Hold” and an average 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.