INTERNATIONAL MONEY EXPRESS, INC. $IMXI Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in shares of INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI) by 16.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,711 shares of the company’s stock after selling 2,320 shares during the period. PNC Financial Services Group Inc.’s holdings in INTERNATIONAL MONEY EXPRESS were worth $148,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. LSV Asset Management grew its stake in shares of INTERNATIONAL MONEY EXPRESS by 4.0% in the first quarter. LSV Asset Management now owns 1,126,303 shares of the company’s stock worth $14,214,000 after acquiring an additional 43,523 shares in the last quarter. Seizert Capital Partners LLC boosted its stake in INTERNATIONAL MONEY EXPRESS by 56.6% in the first quarter. Seizert Capital Partners LLC now owns 272,135 shares of the company’s stock valued at $3,434,000 after acquiring an additional 98,394 shares in the last quarter. Vestcor Inc boosted its stake in INTERNATIONAL MONEY EXPRESS by 24.5% in the first quarter. Vestcor Inc now owns 62,773 shares of the company’s stock valued at $792,000 after acquiring an additional 12,343 shares in the last quarter. LPL Financial LLC boosted its stake in INTERNATIONAL MONEY EXPRESS by 2.5% in the first quarter. LPL Financial LLC now owns 218,413 shares of the company’s stock valued at $2,756,000 after acquiring an additional 5,271 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in INTERNATIONAL MONEY EXPRESS by 0.6% in the first quarter. Royce & Associates LP now owns 648,711 shares of the company’s stock valued at $8,187,000 after acquiring an additional 4,001 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

INTERNATIONAL MONEY EXPRESS Stock Up 0.1%

Shares of IMXI opened at $14.44 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. The firm has a market cap of $428.58 million, a PE ratio of 8.80 and a beta of 1.02. The company’s fifty day moving average is $10.50 and its two-hundred day moving average is $12.44. INTERNATIONAL MONEY EXPRESS, INC. has a fifty-two week low of $8.58 and a fifty-two week high of $22.37.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on IMXI shares. Northland Capmk cut shares of INTERNATIONAL MONEY EXPRESS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Wall Street Zen upgraded shares of INTERNATIONAL MONEY EXPRESS from a “hold” rating to a “buy” rating in a research report on Saturday. BMO Capital Markets downgraded INTERNATIONAL MONEY EXPRESS from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $18.00 to $11.00 in a research report on Friday, May 9th. Finally, UBS Group decreased their target price on shares of INTERNATIONAL MONEY EXPRESS from $17.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, May 9th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.60.

INTERNATIONAL MONEY EXPRESS Company 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.