BNP Paribas Financial Markets Trims Holdings in International Money Express, Inc. (NASDAQ:IMXI)

BNP Paribas Financial Markets cut its stake in International Money Express, Inc. (NASDAQ:IMXI) by 33.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,347 shares of the company’s stock after selling 9,222 shares during the period. BNP Paribas Financial Markets owned 0.06% of International Money Express worth $339,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings 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 valued at $956,000 after acquiring an additional 452 shares in the last quarter. nVerses Capital LLC lifted its stake in shares of International Money Express by 133.3% during the 3rd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $39,000 after buying an additional 1,200 shares in the last quarter. Foyston Gordon & Payne Inc lifted its holdings in International Money Express by 8.2% in the 2nd quarter. Foyston Gordon & Payne Inc now owns 21,798 shares of the company’s stock worth $454,000 after purchasing an additional 1,658 shares in the last quarter. CWM LLC boosted its holdings in shares of 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 during the last quarter. Finally, Quarry LP grew its holdings in shares of International Money Express by 113.7% in the second quarter. Quarry LP now owns 4,760 shares of the company’s stock valued at $99,000 after purchasing an additional 2,533 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

International Money Express Stock Down 1.3 %

IMXI stock opened at $21.30 on Friday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. The firm has a 50-day simple moving average of $19.57 and a 200-day simple moving average of $19.49. 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 52 week low of $16.17 and a 52 week high of $23.28.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IMXI. Oppenheimer assumed coverage on International Money Express in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Northland Securities increased their target price on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Monness Crespi & Hardt decreased their price objective on International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, November 4th. Needham & Company LLC lifted their price target on International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, BMO Capital Markets boosted their price objective on International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

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.