Russell Investments Group Ltd. Has $382,000 Position in INTERNATIONAL MONEY EXPRESS, INC. $IMXI

Key Points

• Russell Investments Group Ltd. has reduced its stake in INTERNATIONAL MONEY EXPRESS, INC. by 65.4%, now holding 30,273 shares valued at $382,000 as of the latest SEC filing.
• Other institutional investors, including New York State Common Retirement Fund and Legato Capital Management, have made significant changes to their positions in INTERNATIONAL MONEY EXPRESS during the first quarter.
• Analysts have mixed opinions on the stock, with Zacks Research lowering the rating to "strong sell," while Wall Street Zen upgraded it to "buy," resulting in a consensus rating of "hold" and an average target price of $19.60.

Russell Investments Group Ltd. lessened its holdings in INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI - Free Report) by 65.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,273 shares of the company's stock after selling 57,185 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of INTERNATIONAL MONEY EXPRESS worth $382,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in INTERNATIONAL MONEY EXPRESS by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,046 shares of the company's stock worth $376,000 after purchasing an additional 630 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of INTERNATIONAL MONEY EXPRESS by 6.1% in the fourth quarter. Lazard Asset Management LLC now owns 11,361 shares of the company's stock worth $235,000 after acquiring an additional 654 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of INTERNATIONAL MONEY EXPRESS by 3.3% in the first quarter. Invesco Ltd. now owns 68,837 shares of the company's stock worth $869,000 after acquiring an additional 2,194 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of INTERNATIONAL MONEY EXPRESS by 5.9% in the first quarter. Penserra Capital Management LLC now owns 49,032 shares of the company's stock worth $618,000 after acquiring an additional 2,726 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of INTERNATIONAL MONEY EXPRESS by 41.6% in the first quarter. New York State Common Retirement Fund now owns 10,218 shares of the company's stock worth $129,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors own 86.71% of the company's stock.

INTERNATIONAL MONEY EXPRESS Trading Down 0.6%

Shares of INTERNATIONAL MONEY EXPRESS stock traded down $0.09 on Friday, hitting $14.48. The stock had a trading volume of 394,181 shares, compared to its average volume of 1,302,654. The stock has a 50 day moving average of $11.68 and a 200 day moving average of $12.13. INTERNATIONAL MONEY EXPRESS, INC. has a twelve month low of $8.58 and a twelve month high of $22.37. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $429.77 million, a P/E ratio of 8.83 and a beta of 0.96.

Analyst Upgrades and Downgrades

IMXI has been the subject of a number of research reports. BMO Capital Markets cut shares of INTERNATIONAL MONEY EXPRESS from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $18.00 to $11.00 in a report on Friday, May 9th. Zacks Research cut shares of INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "strong sell" rating in a report on Monday, August 25th. Northland Capmk cut shares of INTERNATIONAL MONEY EXPRESS from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Wall Street Zen raised shares of INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Finally, UBS Group dropped their target price on shares of INTERNATIONAL MONEY EXPRESS from $17.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, INTERNATIONAL MONEY EXPRESS currently has a consensus 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.