Wellington Management Group LLP Decreases Holdings in International Money Express, Inc. (NASDAQ:IMXI)

Wellington Management Group LLP cut its stake in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,531,128 shares of the company's stock after selling 25,797 shares during the quarter. Wellington Management Group LLP owned approximately 5.00% of International Money Express worth $31,893,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aquatic Capital Management LLC bought a new position in International Money Express during the fourth quarter worth $169,000. Lazard Asset Management LLC increased its holdings in International Money Express by 6.1% during the fourth quarter. Lazard Asset Management LLC now owns 11,361 shares of the company's stock worth $235,000 after buying an additional 654 shares during the last quarter. SG Americas Securities LLC increased its holdings in International Money Express by 23.4% during the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company's stock worth $240,000 after buying an additional 2,182 shares during the last quarter. Jump Financial LLC purchased a new stake in International Money Express during the fourth quarter worth about $281,000. Finally, Integrated Quantitative Investments LLC purchased a new stake in International Money Express during the fourth quarter worth about $292,000. 86.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. UBS Group decreased their price objective 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. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 target price on shares of International Money Express in a research note on Monday, April 7th. Finally, BMO Capital Markets downgraded shares of International Money Express from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $18.00 to $11.00 in a research note on Friday, May 9th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, International Money Express currently has an average rating of "Hold" and a consensus price target of $19.60.

International Money Express Price Performance

Shares of IMXI stock traded up $0.04 during trading hours on Wednesday, reaching $11.37. The stock had a trading volume of 88,119 shares, compared to its average volume of 288,670. The stock's fifty day simple moving average is $11.80 and its 200 day simple moving average is $16.30. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. International Money Express, Inc. has a 12 month low of $10.07 and a 12 month high of $22.38. The firm has a market capitalization of $342.56 million, a PE ratio of 6.35 and a beta of 1.08.

About International Money Express

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.