Rockefeller Capital Management L.P. Decreases Stock Holdings in International Money Express, Inc. (NASDAQ:IMXI)

Rockefeller Capital Management L.P. reduced its position in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 395,133 shares of the company's stock after selling 71,946 shares during the quarter. Rockefeller Capital Management L.P. owned 1.27% of International Money Express worth $8,231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. SG Americas Securities LLC boosted its holdings 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 buying an additional 2,182 shares during the last quarter. Integrated Quantitative Investments LLC bought a new position in International Money Express in the fourth quarter worth approximately $292,000. Wells Fargo & Company MN boosted its stake 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 acquiring an additional 5,050 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of International Money Express during the 4th quarter valued at $332,000. Finally, Intech Investment Management LLC purchased a new stake in shares of International Money Express in the 4th quarter worth $339,000. Hedge funds and other institutional investors own 86.71% of the company's stock.

International Money Express Price Performance

Shares of NASDAQ IMXI traded up $0.27 during mid-day trading on Tuesday, reaching $12.37. The company's stock had a trading volume of 184,577 shares, compared to its average volume of 276,633. The stock has a fifty day moving average of $13.89 and a two-hundred day moving average of $17.74. The firm has a market capitalization of $379.17 million, a PE ratio of 6.91 and a beta of 1.01. International Money Express, Inc. has a 52 week low of $11.27 and a 52 week high of $22.38. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IMXI. UBS Group cut their price target on International Money Express from $22.00 to $17.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price objective on shares of International Money Express in a research report on Monday, April 7th. Finally, Monness Crespi & Hardt lowered shares of International Money Express from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, International Money Express presently has a consensus rating of "Hold" and an average price target of $24.50.

International Money Express 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.