Boston Partners Reduces Holdings in International Money Express, Inc. (NASDAQ:IMXI)

Boston Partners reduced its position in International Money Express, Inc. (NASDAQ:IMXI) by 97.6% in the 4th quarter, Holdings Channel reports. The firm owned 12,241 shares of the company’s stock after selling 505,877 shares during the period. Boston Partners’ holdings in International Money Express were worth $255,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. SkyView Investment Advisors LLC lifted its stake in International Money Express by 3.2% in the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock valued at $374,000 after buying an additional 637 shares during the last quarter. SG Americas Securities LLC boosted its stake in International Money Express by 23.4% during the 4th 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 during the period. Martingale Asset Management L P grew its position in International Money Express by 6.4% during the 3rd quarter. Martingale Asset Management L P now owns 42,370 shares of the company’s stock worth $783,000 after purchasing an additional 2,563 shares during the last quarter. Principal Financial Group Inc. increased its stake 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 purchasing an additional 3,753 shares during the period. Finally, Penserra Capital Management LLC raised its holdings in shares of International Money Express by 15.1% in the third quarter. Penserra Capital Management LLC now owns 50,133 shares of the company’s stock valued at $926,000 after buying an additional 6,560 shares during the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IMXI. UBS Group dropped their price target on International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Monness Crespi & Hardt cut International Money Express from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. Finally, Needham & Company LLC lowered their price objective on shares of International Money Express from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $24.50.

International Money Express Stock Performance

Shares of IMXI stock opened at $13.06 on Monday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. The stock has a 50 day simple moving average of $17.29 and a 200-day simple moving average of $18.73. The company has a market cap of $400.32 million, a price-to-earnings ratio of 7.30 and a beta of 0.87. International Money Express, Inc. has a 12-month low of $12.82 and a 12-month high of $23.28.

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.