Kerrisdale Advisers LLC Sells 31,465 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Kerrisdale Advisers LLC lessened its stake in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 15.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 173,288 shares of the company's stock after selling 31,465 shares during the quarter. International Money Express comprises 1.2% of Kerrisdale Advisers LLC's portfolio, making the stock its 21st largest holding. Kerrisdale Advisers LLC owned approximately 0.56% of International Money Express worth $3,610,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Principal Financial Group Inc. bought a new stake in International Money Express in the 3rd quarter worth approximately $633,000. Barclays PLC lifted its position in International Money Express by 137.1% in the 3rd quarter. Barclays PLC now owns 73,260 shares of the company's stock worth $1,355,000 after buying an additional 42,367 shares during the last quarter. JPMorgan Chase & Co. lifted its position in International Money Express by 8.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 221,109 shares of the company's stock worth $4,088,000 after buying an additional 17,452 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in International Money Express in the 4th quarter worth approximately $332,000. Finally, KLP Kapitalforvaltning AS bought a new stake in International Money Express in the 4th quarter worth approximately $429,000. Hedge funds and other institutional investors own 86.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on IMXI shares. UBS Group dropped their target price on International Money Express from $22.00 to $17.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Monness Crespi & Hardt downgraded International Money Express from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price objective on shares of International Money Express in a research report on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, International Money Express presently has an average rating of "Hold" and a consensus price target of $24.50.

International Money Express Trading Up 0.4 %

International Money Express stock traded up $0.05 during mid-day trading on Tuesday, reaching $12.49. 48,534 shares of the company traded hands, compared to its average volume of 276,762. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. International Money Express, Inc. has a 52-week low of $11.27 and a 52-week high of $22.38. The firm has a market capitalization of $382.84 million, a price-to-earnings ratio of 6.98 and a beta of 1.01. The firm's 50 day moving average price is $13.41 and its 200 day moving average price is $17.61.

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.