International Money Express, Inc. $IMXI Stock Holdings Lowered by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC lessened its position in International Money Express, Inc. (NASDAQ:IMXI) by 43.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 477,967 shares of the company’s stock after selling 373,434 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 1.61% of International Money Express worth $6,677,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in International Money Express by 89.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 40,275 shares of the company’s stock worth $406,000 after purchasing an additional 18,984 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of International Money Express by 19.0% during the second quarter. PNC Financial Services Group Inc. now owns 13,935 shares of the company’s stock valued at $141,000 after buying an additional 2,224 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of International Money Express by 1.5% during the second quarter. Geode Capital Management LLC now owns 858,058 shares of the company’s stock worth $8,659,000 after buying an additional 12,894 shares during the period. Creative Planning bought a new position in International Money Express in the 2nd quarter worth approximately $272,000. Finally, EMC Capital Management bought a new position in International Money Express in the 2nd quarter worth approximately $92,000. 86.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $14.33.

International Money Express Stock Up 0.1%

IMXI opened at $15.80 on Monday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.51 and a current ratio of 2.51. The company has a market capitalization of $476.21 million, a PE ratio of 14.63 and a beta of 0.86. The stock’s fifty day moving average is $15.59 and its 200-day moving average is $15.13. International Money Express, Inc. has a one year low of $8.58 and a one year high of $15.81.

International Money Express (NASDAQ:IMXI) last announced its earnings results on Friday, March 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.12). The firm had revenue of $147.41 million for the quarter, compared to the consensus estimate of $162.95 million. International Money Express had a net margin of 5.38% and a return on equity of 29.00%. On average, equities analysts predict that International Money Express, Inc. will post 1.97 EPS for the current fiscal year.

International Money Express Profile

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.