Teacher Retirement System of Texas Sells 66,027 Shares of INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI)

Teacher Retirement System of Texas lowered its position in shares of INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI - Free Report) by 57.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,598 shares of the company's stock after selling 66,027 shares during the quarter. Teacher Retirement System of Texas owned about 0.16% of INTERNATIONAL MONEY EXPRESS worth $613,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LSV Asset Management grew its holdings in 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 buying an additional 313,303 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in INTERNATIONAL MONEY EXPRESS in the 4th quarter worth approximately $6,098,000. LPL Financial LLC bought a new position in INTERNATIONAL MONEY EXPRESS in the 4th quarter worth approximately $4,440,000. LMR Partners LLP bought a new position in INTERNATIONAL MONEY EXPRESS in the 4th quarter worth approximately $3,124,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in INTERNATIONAL MONEY EXPRESS in the 4th quarter worth approximately $3,120,000. Institutional investors and hedge funds own 86.71% of the company's stock.

Wall Street Analyst Weigh In

IMXI has been the subject of a number of research reports. BMO Capital Markets lowered 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 research note on Friday, May 9th. Needham & Company LLC restated a "buy" rating and issued a $20.00 target price on shares of INTERNATIONAL MONEY EXPRESS in a report on Monday, April 7th. Finally, UBS Group cut their price objective on INTERNATIONAL MONEY EXPRESS from $17.00 to $12.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $19.60.

INTERNATIONAL MONEY EXPRESS Price Performance

Shares of NASDAQ:IMXI traded down $0.35 during trading on Friday, reaching $9.41. The stock had a trading volume of 242,903 shares, compared to its average volume of 301,951. INTERNATIONAL MONEY EXPRESS, INC. has a 52 week low of $9.40 and a 52 week high of $22.38. The business's 50-day moving average price is $10.66 and its 200 day moving average price is $13.90. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market capitalization of $283.52 million, a PE ratio of 5.57 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.