International Money Express, Inc. (NASDAQ:IMXI) Shares Sold by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC trimmed its holdings in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 32.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 671,044 shares of the company's stock after selling 323,881 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 2.16% of International Money Express worth $13,978,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC purchased a new position in shares of International Money Express during the 4th quarter worth $169,000. SG Americas Securities LLC boosted its stake in International Money Express by 23.4% during the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company's stock worth $240,000 after buying an additional 2,182 shares during the period. Jump Financial LLC acquired a new stake in shares of International Money Express during the fourth quarter valued at about $281,000. Integrated Quantitative Investments LLC purchased a new stake in shares of International Money Express in the 4th quarter valued at approximately $292,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of International Money Express by 51.0% in the 4th quarter. Wells Fargo & Company MN now owns 14,960 shares of the company's stock worth $312,000 after acquiring an additional 5,050 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

International Money Express Stock Down 1.9 %

IMXI traded down $0.24 on Tuesday, hitting $12.39. 326,008 shares of the company were exchanged, compared to its average volume of 277,365. The firm has a 50-day moving average price of $12.91 and a two-hundred day moving average price of $17.41. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. International Money Express, Inc. has a twelve month low of $11.27 and a twelve month high of $22.38. The company has a market cap of $373.29 million, a price-to-earnings ratio of 6.92 and a beta of 1.23.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Needham & Company LLC reissued a "buy" rating and issued a $20.00 target price on shares of International Money Express in a research report on Monday, April 7th. Monness Crespi & Hardt downgraded International Money Express from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Finally, UBS Group lowered their target price on International Money Express from $22.00 to $17.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $24.50.

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.