Envestnet Asset Management Inc. Cuts Holdings in International Money Express, Inc. (NASDAQ:IMXI)

Envestnet Asset Management Inc. decreased its holdings in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 24.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IMXI. SkyView Investment Advisors LLC grew its position in shares of International Money Express by 3.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company's stock worth $374,000 after buying an additional 637 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of 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 acquiring an additional 2,182 shares during the period. Geode Capital Management LLC increased its position in International Money Express by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 850,766 shares of the company's stock valued at $17,725,000 after acquiring an additional 2,292 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in International Money Express by 11.0% in the fourth quarter. Principal Financial Group Inc. now owns 38,011 shares of the company's stock valued at $792,000 after acquiring an additional 3,753 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in International Money Express by 51.0% in the fourth quarter. Wells Fargo & Company MN now owns 14,960 shares of the company's stock valued at $312,000 after acquiring an additional 5,050 shares during the period. Institutional investors own 86.71% of the company's stock.

International Money Express Price Performance

NASDAQ:IMXI traded up $0.35 during trading hours on Friday, hitting $12.46. 153,064 shares of the stock traded hands, compared to its average volume of 278,174. The company has a market cap of $381.92 million, a price-to-earnings ratio of 6.96 and a beta of 1.01. 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 $12.96 and a 200 day moving average price of $17.46. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12.

Wall Street Analyst Weigh In

IMXI has been the subject of several research reports. 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. UBS Group reduced their target price on shares of International Money Express from $22.00 to $17.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $20.00 price target on shares of International Money Express in a research note on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $24.50.

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.