Rockefeller Capital Management L.P. Sells 71,946 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Rockefeller Capital Management L.P. decreased its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 15.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 395,133 shares of the company’s stock after selling 71,946 shares during the period. Rockefeller Capital Management L.P.’s holdings in International Money Express were worth $8,231,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. New South Capital Management Inc. raised its holdings in shares of International Money Express by 22.7% in the 4th quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company’s stock worth $23,582,000 after buying an additional 209,711 shares in the last quarter. LSV Asset Management lifted its holdings in shares of International Money Express by 40.7% during the fourth quarter. LSV Asset Management now owns 1,082,780 shares of the company’s stock valued at $22,554,000 after acquiring an additional 313,303 shares during the period. Investment Management Associates Inc. ADV boosted its stake in shares of International Money Express by 1.9% in the 4th quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company’s stock valued at $18,731,000 after purchasing an additional 16,530 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of International Money Express by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 850,766 shares of the company’s stock worth $17,725,000 after purchasing an additional 2,292 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of International Money Express by 15.7% in the 4th quarter. Royce & Associates LP now owns 644,710 shares of the company’s stock worth $13,429,000 after purchasing an additional 87,521 shares during the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

International Money Express Trading Up 1.5 %

Shares of NASDAQ IMXI opened at $12.01 on Thursday. International Money Express, Inc. has a 1-year low of $11.27 and a 1-year high of $22.38. The company has a 50-day moving average of $14.38 and a two-hundred day moving average of $17.89. The company has a market cap of $368.13 million, a PE ratio of 6.71 and a beta of 1.01. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12.

Analyst Ratings Changes

A number of equities analysts have commented on IMXI shares. UBS Group reduced their price target on shares of International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Monness Crespi & Hardt downgraded International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of International Money Express in a research report on Monday, April 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, International Money Express has an average rating of “Hold” and a consensus price target of $24.50.

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.