Steward Partners Investment Advisory LLC Has $166,000 Position in International Money Express, Inc. (NASDAQ:IMXI)

Steward Partners Investment Advisory LLC decreased its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 9.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,963 shares of the company’s stock after selling 839 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in International Money Express were worth $166,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. SG Americas Securities LLC raised its holdings 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 last quarter. Meeder Asset Management Inc. raised its holdings in International Money Express by 90.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 11,560 shares of the company’s stock worth $214,000 after purchasing an additional 5,499 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in International Money Express during the 4th quarter worth about $332,000. SkyView Investment Advisors LLC raised its holdings in International Money Express by 3.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock worth $374,000 after purchasing an additional 637 shares during the last quarter. Finally, 272 Capital LP bought a new stake in International Money Express during the 3rd quarter worth about $390,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Price Performance

NASDAQ IMXI opened at $13.25 on Friday. The business has a 50 day simple moving average of $18.01 and a 200 day simple moving average of $18.89. International Money Express, Inc. has a 52-week low of $12.82 and a 52-week high of $23.28. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market cap of $406.14 million, a price-to-earnings ratio of 7.40 and a beta of 0.87.

Analyst Ratings Changes

IMXI has been the subject of a number of recent analyst reports. Monness Crespi & Hardt cut International Money Express from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. UBS Group lowered their price target on International Money Express from $22.00 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Finally, Needham & Company LLC lowered their price target on International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from 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.