Charles Schwab Investment Management Inc. Trims Stock Position in International Money Express, Inc. (NASDAQ:IMXI)

Charles Schwab Investment Management Inc. cut its stake in International Money Express, Inc. (NASDAQ:IMXI) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 258,552 shares of the company’s stock after selling 6,496 shares during the period. Charles Schwab Investment Management Inc. owned about 0.79% of International Money Express worth $4,781,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of IMXI. Rhumbline Advisers increased its stake in shares of International Money Express by 1.0% during the second quarter. Rhumbline Advisers now owns 45,877 shares of the company’s stock worth $956,000 after acquiring an additional 452 shares during the period. nVerses Capital LLC increased its position in International Money Express by 133.3% during the third quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $39,000 after purchasing an additional 1,200 shares during the last quarter. Foyston Gordon & Payne Inc increased its position in shares of International Money Express by 8.2% in the second quarter. Foyston Gordon & Payne Inc now owns 21,798 shares of the company’s stock worth $454,000 after acquiring an additional 1,658 shares in the last quarter. Riverwater Partners LLC increased its position in shares of International Money Express by 14.9% in the second quarter. Riverwater Partners LLC now owns 14,833 shares of the company’s stock worth $309,000 after acquiring an additional 1,926 shares in the last quarter. Finally, CWM LLC grew its holdings in International Money Express by 201.7% during the 2nd quarter. CWM LLC now owns 3,394 shares of the company’s stock valued at $71,000 after purchasing an additional 2,269 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on IMXI shares. Needham & Company LLC raised their price target on shares of International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Monness Crespi & Hardt decreased their target price on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, November 4th. Northland Securities raised their price target on shares of International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. BMO Capital Markets lifted their target price on shares of International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Oppenheimer started coverage on shares of International Money Express in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

International Money Express Stock Performance

Shares of NASDAQ:IMXI opened at $21.30 on Friday. The stock has a market capitalization of $662.41 million, a P/E ratio of 11.90 and a beta of 0.88. International Money Express, Inc. has a 1-year low of $16.17 and a 1-year high of $23.28. 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 business has a 50-day moving average price of $19.57 and a two-hundred day moving average price of $19.50.

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.