Millennium Management LLC Sells 71,579 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Millennium Management LLC decreased its stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 74.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,967 shares of the company's stock after selling 71,579 shares during the quarter. Millennium Management LLC owned approximately 0.08% of International Money Express worth $499,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IMXI. Voss Capital LP boosted its position in shares of International Money Express by 6.5% during the fourth quarter. Voss Capital LP now owns 1,825,000 shares of the company's stock worth $38,015,000 after buying an additional 111,562 shares during the period. New South Capital Management Inc. increased its position in International Money Express by 22.7% during the 4th quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company's stock worth $23,582,000 after purchasing an additional 209,711 shares during the period. LSV Asset Management grew its holdings in shares of International Money Express by 40.7% in the 4th quarter. LSV Asset Management now owns 1,082,780 shares of the company's stock worth $22,554,000 after acquiring an additional 313,303 shares during the period. Investment Management Associates Inc. ADV raised its position in International Money Express by 1.9% during the fourth quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company's stock worth $18,731,000 after acquiring an additional 16,530 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in International Money Express by 0.3% during 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 in the last quarter. Hedge funds and other institutional investors own 86.71% of the company's stock.

International Money Express Stock Performance

International Money Express stock traded down $0.19 during mid-day trading on Thursday, hitting $10.90. 505,800 shares of the company's stock traded hands, compared to its average volume of 293,140. The stock has a market cap of $328.40 million, a price-to-earnings ratio of 6.09 and a beta of 1.08. The firm has a 50 day simple moving average of $11.64 and a two-hundred day simple moving average of $15.93. International Money Express, Inc. has a fifty-two week low of $10.07 and a fifty-two week high of $22.38. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80.

Analysts Set New Price Targets

IMXI has been the subject of a number of analyst reports. Needham & Company LLC restated a "buy" rating and issued a $20.00 price target on shares of International Money Express in a report on Monday, April 7th. UBS Group lowered their target price on 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 lowered International Money Express from an "outperform" rating to a "market perform" rating and cut their price objective for the stock 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 issued a buy rating to the stock. According to MarketBeat, International Money Express currently has an average rating of "Hold" and a consensus target price of $19.60.

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.