Wellington Management Group LLP lowered its position in INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI - Free Report) by 22.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,190,518 shares of the company's stock after selling 340,610 shares during the period. Wellington Management Group LLP owned about 3.95% of INTERNATIONAL MONEY EXPRESS worth $15,024,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its position in 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 valued at $129,000 after purchasing an additional 3,000 shares during the period. Legato Capital Management LLC acquired a new stake in INTERNATIONAL MONEY EXPRESS in the first quarter valued at about $161,000. HighTower Advisors LLC acquired a new position in INTERNATIONAL MONEY EXPRESS during the first quarter worth about $161,000. Aquatic Capital Management LLC acquired a new position in INTERNATIONAL MONEY EXPRESS during the fourth quarter worth about $169,000. Finally, Aigen Investment Management LP acquired a new position in INTERNATIONAL MONEY EXPRESS during the first quarter worth about $196,000. Institutional investors and hedge funds own 86.71% of the company's stock.
INTERNATIONAL MONEY EXPRESS Price Performance
IMXI remained flat at $14.50 during midday trading on Monday. 248,442 shares of the company's stock were exchanged, compared to its average volume of 1,294,726. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. The firm has a market cap of $430.36 million, a PE ratio of 8.84 and a beta of 0.96. The company's fifty day moving average price is $11.32 and its 200-day moving average price is $12.15. INTERNATIONAL MONEY EXPRESS, INC. has a one year low of $8.58 and a one year high of $22.37.
Analyst Ratings Changes
Several research analysts have weighed in on IMXI shares. Northland Capmk lowered shares of INTERNATIONAL MONEY EXPRESS from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. BMO Capital Markets lowered shares of INTERNATIONAL MONEY EXPRESS from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $18.00 to $11.00 in a research report on Friday, May 9th. UBS Group lowered 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 research report on Friday, May 9th. Wall Street Zen upgraded shares of INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Zacks Research lowered shares of INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $19.60.
Check Out Our Latest Research Report on INTERNATIONAL MONEY EXPRESS
About INTERNATIONAL MONEY EXPRESS
(
Free Report)
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.
Featured Stories

Before you consider International Money Express, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Money Express wasn't on the list.
While International Money Express currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.