International Money Express, Inc. $IMXI Shares Sold by Investment Management Associates Inc. ADV

Investment Management Associates Inc. ADV lessened its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 5.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 782,032 shares of the company’s stock after selling 44,689 shares during the period. International Money Express comprises approximately 2.6% of Investment Management Associates Inc. ADV’s holdings, making the stock its 15th biggest position. Investment Management Associates Inc. ADV’s holdings in International Money Express were worth $7,891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in shares of International Money Express by 89.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 40,275 shares of the company’s stock valued at $406,000 after purchasing an additional 18,984 shares during the last quarter. AlphaQuest LLC raised its holdings in International Money Express by 85.9% in the second quarter. AlphaQuest LLC now owns 41,017 shares of the company’s stock valued at $414,000 after acquiring an additional 18,958 shares in the last quarter. CWM LLC raised its holdings in shares of International Money Express by 186.5% in the 2nd quarter. CWM LLC now owns 6,624 shares of the company’s stock valued at $67,000 after purchasing an additional 4,312 shares in the last quarter. Parallel Advisors LLC raised its holdings in International Money Express by 6,189.8% during the second quarter. Parallel Advisors LLC now owns 3,082 shares of the company’s stock worth $31,000 after purchasing an additional 3,033 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in International Money Express by 11.4% during the 1st quarter. Rhumbline Advisers now owns 50,607 shares of the company’s stock worth $639,000 after acquiring an additional 5,189 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IMXI shares. Wall Street Zen upgraded International Money Express from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Weiss Ratings raised shares of International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Zacks Research raised International Money Express from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Northland Capmk cut shares of International Money Express from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.60.

International Money Express Stock Performance

IMXI opened at $14.85 on Thursday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. International Money Express, Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $22.37. The firm has a market cap of $440.75 million, a PE ratio of 9.05 and a beta of 0.90. The business has a fifty day simple moving average of $14.50 and a 200-day simple moving average of $12.28.

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.