Envestnet Asset Management Inc. Sells 26,995 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Envestnet Asset Management Inc. trimmed its position in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 24.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,582 shares of the company's stock after selling 26,995 shares during the period. Envestnet Asset Management Inc. owned approximately 0.26% of International Money Express worth $1,699,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in International Money Express by 23.4% in the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company's stock worth $240,000 after purchasing an additional 2,182 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new position in shares of International Money Express in the 4th quarter worth approximately $292,000. Wells Fargo & Company MN lifted its position in shares of International Money Express by 51.0% during the 4th quarter. Wells Fargo & Company MN now owns 14,960 shares of the company's stock worth $312,000 after buying an additional 5,050 shares during the period. Proficio Capital Partners LLC acquired a new stake in International Money Express in the 4th quarter valued at $332,000. Finally, Intech Investment Management LLC bought a new stake in International Money Express in the fourth quarter valued at $339,000. Institutional investors and hedge funds own 86.71% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IMXI. Needham & Company LLC reissued a "buy" rating and set a $20.00 price objective on shares of International Money Express in a report on Monday, April 7th. Monness Crespi & Hardt lowered shares of International Money Express from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Finally, UBS Group decreased their price objective on shares of International Money Express from $22.00 to $17.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $24.50.

International Money Express Price Performance

IMXI stock traded up $0.39 during midday trading on Friday, reaching $12.50. The company had a trading volume of 85,888 shares, compared to its average volume of 278,462. International Money Express, Inc. has a 1-year low of $11.27 and a 1-year high of $22.38. The stock has a 50 day moving average price of $13.08 and a 200-day moving average price of $17.50. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market capitalization of $383.15 million, a price-to-earnings ratio of 6.99 and a beta of 1.01.

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.