Teacher Retirement System of Texas Has $613,000 Stock Position in 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% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 48,598 shares of the company's stock after selling 66,027 shares during the period. Teacher Retirement System of Texas owned 0.16% of INTERNATIONAL MONEY EXPRESS worth $613,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Aquatic Capital Management LLC bought a new position in INTERNATIONAL MONEY EXPRESS in the 4th quarter worth about $169,000. Lazard Asset Management LLC grew its holdings in INTERNATIONAL MONEY EXPRESS by 6.1% in the 4th quarter. Lazard Asset Management LLC now owns 11,361 shares of the company's stock worth $235,000 after buying an additional 654 shares in the last quarter. Jump Financial LLC acquired a new stake in INTERNATIONAL MONEY EXPRESS in the 4th quarter valued at approximately $281,000. Integrated Quantitative Investments LLC bought a new stake in INTERNATIONAL MONEY EXPRESS during the 4th quarter valued at $292,000. Finally, State of Wyoming raised its stake in INTERNATIONAL MONEY EXPRESS by 33.5% during the 4th quarter. State of Wyoming now owns 14,316 shares of the company's stock valued at $298,000 after acquiring an additional 3,593 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on IMXI shares. Needham & Company LLC reissued a "buy" rating and set a $20.00 price target on shares of INTERNATIONAL MONEY EXPRESS in a report on Monday, April 7th. BMO Capital Markets downgraded shares of INTERNATIONAL MONEY EXPRESS from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $18.00 to $11.00 in a research report on Friday, May 9th. Finally, UBS Group reduced their price target on shares of INTERNATIONAL MONEY EXPRESS from $17.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $19.60.

INTERNATIONAL MONEY EXPRESS Price Performance

NASDAQ IMXI traded down $0.35 on Friday, reaching $9.41. The company's stock had a trading volume of 242,903 shares, compared to its average volume of 301,951. INTERNATIONAL MONEY EXPRESS, INC. has a twelve month low of $9.41 and a twelve month high of $22.38. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.75 and a current ratio of 1.75. The firm's 50 day moving average is $10.66 and its two-hundred day moving average is $13.90. The stock has a market cap of $283.52 million, a PE ratio of 5.57 and a beta of 1.04.

INTERNATIONAL MONEY EXPRESS 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.