PNC Financial Services Group Inc. Has $292,000 Holdings in International Money Express, Inc. (NASDAQ:IMXI)

PNC Financial Services Group Inc. cut its stake in International Money Express, Inc. (NASDAQ:IMXI) by 17.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,031 shares of the company’s stock after selling 3,021 shares during the period. PNC Financial Services Group Inc.’s holdings in International Money Express were worth $292,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. acquired a new position in shares of International Money Express in the 3rd quarter worth approximately $633,000. Barclays PLC raised its holdings in shares of International Money Express by 137.1% in the 3rd quarter. Barclays PLC now owns 73,260 shares of the company’s stock worth $1,355,000 after buying an additional 42,367 shares in the last quarter. Forager Capital Management LLC raised its holdings in shares of International Money Express by 27.1% in the 3rd quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock worth $22,580,000 after buying an additional 260,000 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in International Money Express by 8.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 221,109 shares of the company’s stock valued at $4,088,000 after purchasing an additional 17,452 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in International Money Express during the 3rd quarter valued at $4,598,000. 86.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on IMXI shares. Monness Crespi & Hardt cut International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Needham & Company LLC lowered their target price 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. Finally, UBS Group lowered their target price 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $24.50.

International Money Express Stock Down 3.8 %

Shares of International Money Express stock opened at $13.06 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. International Money Express, Inc. has a 12 month low of $12.82 and a 12 month high of $23.28. The business has a fifty day simple moving average of $17.29 and a 200 day simple moving average of $18.72. The stock has a market cap of $400.32 million, a PE ratio of 7.30 and a beta of 0.87.

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.