Investment Management Associates Inc. ADV Has $10.43 Million Stock Position in International Money Express, Inc. (NASDAQ:IMXI)

Investment Management Associates Inc. ADV trimmed its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 8.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 826,721 shares of the company's stock after selling 72,511 shares during the period. International Money Express makes up about 4.3% of Investment Management Associates Inc. ADV's holdings, making the stock its 9th biggest position. Investment Management Associates Inc. ADV owned approximately 2.70% of International Money Express worth $10,433,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of International Money Express by 7,708.8% during the 1st quarter. GAMMA Investing LLC now owns 6,247 shares of the company's stock worth $790,000 after purchasing an additional 6,167 shares in the last quarter. Aquatic Capital Management LLC bought a new position in International Money Express during the fourth quarter valued at approximately $169,000. Lazard Asset Management LLC lifted its stake in International Money Express by 6.1% in the fourth quarter. Lazard Asset Management LLC now owns 11,361 shares of the company's stock valued at $235,000 after acquiring an additional 654 shares during the last quarter. Jump Financial LLC bought a new stake in International Money Express in the fourth quarter worth approximately $281,000. Finally, Integrated Quantitative Investments LLC acquired a new position in shares of International Money Express during the 4th quarter worth $292,000. 86.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on IMXI. Needham & Company LLC reiterated a "buy" rating and set a $20.00 price target on shares of International Money Express in a report on Monday, April 7th. UBS Group dropped their target price on shares of International Money Express from $17.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Finally, BMO Capital Markets cut shares of International Money Express from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $18.00 to $11.00 in a report on Friday, May 9th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $19.60.

International Money Express Stock Performance

International Money Express stock traded down $0.12 during trading hours on Monday, hitting $10.18. The stock had a trading volume of 407,209 shares, compared to its average volume of 325,219. The company has a 50-day moving average of $10.83 and a two-hundred day moving average of $14.19. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.18. International Money Express, Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $22.38. The company has a market cap of $306.72 million, a PE ratio of 6.02 and a beta of 1.04.

International Money Express Company 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.