Vanguard Group Inc. Sells 32,770 Shares of INTERNATIONAL MONEY EXPRESS, INC. $IMXI

Vanguard Group Inc. reduced its holdings in INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI) by 1.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,095,832 shares of the company’s stock after selling 32,770 shares during the quarter. Vanguard Group Inc. owned about 6.96% of INTERNATIONAL MONEY EXPRESS worth $26,449,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Rhumbline Advisers increased its position in INTERNATIONAL MONEY EXPRESS by 11.4% during the first quarter. Rhumbline Advisers now owns 50,607 shares of the company’s stock valued at $639,000 after acquiring an additional 5,189 shares during the last quarter. GAMMA Investing LLC raised its position in INTERNATIONAL MONEY EXPRESS by 7,708.8% during the first quarter. GAMMA Investing LLC now owns 6,247 shares of the company’s stock valued at $790,000 after purchasing an additional 6,167 shares during the period. LPL Financial LLC raised its position in INTERNATIONAL MONEY EXPRESS by 2.5% during the first quarter. LPL Financial LLC now owns 218,413 shares of the company’s stock valued at $2,756,000 after purchasing an additional 5,271 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of INTERNATIONAL MONEY EXPRESS by 9.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,906 shares of the company’s stock worth $1,331,000 after buying an additional 5,597 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in shares of INTERNATIONAL MONEY EXPRESS by 41.6% in the first quarter. New York State Common Retirement Fund now owns 10,218 shares of the company’s stock worth $129,000 after buying an additional 3,000 shares during the period. 86.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IMXI. Northland Capmk cut INTERNATIONAL MONEY EXPRESS from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Zacks Research lowered INTERNATIONAL MONEY EXPRESS from a “hold” rating to a “strong sell” rating in a research note on Monday. BMO Capital Markets lowered INTERNATIONAL MONEY EXPRESS from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $18.00 to $11.00 in a research note on Friday, May 9th. UBS Group cut their price target on INTERNATIONAL MONEY EXPRESS from $17.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, May 9th. Finally, Wall Street Zen upgraded INTERNATIONAL MONEY EXPRESS from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, INTERNATIONAL MONEY EXPRESS presently has a consensus rating of “Hold” and a consensus price target of $19.60.

INTERNATIONAL MONEY EXPRESS Trading Up 0.6%

Shares of INTERNATIONAL MONEY EXPRESS stock opened at $14.50 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.13. The company has a 50-day moving average of $11.15 and a two-hundred day moving average of $12.29. INTERNATIONAL MONEY EXPRESS, INC. has a 12-month low of $8.58 and a 12-month high of $22.37. The stock has a market cap of $430.36 million, a PE ratio of 8.84 and a beta of 1.02.

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.