International Money Express, Inc. (NASDAQ:IMXI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 254,649 shares of the company’s stock after selling 3,903 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.82% of International Money Express worth $5,304,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. SG Americas Securities LLC boosted its holdings in shares of International Money Express by 23.4% in the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock valued at $240,000 after acquiring an additional 2,182 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in International Money Express in the fourth quarter worth approximately $332,000. SkyView Investment Advisors LLC boosted its stake 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 valued at $374,000 after purchasing an additional 637 shares in the last quarter. 272 Capital LP acquired a new position in shares of International Money Express during the 3rd quarter valued at $390,000. Finally, Quantbot Technologies LP lifted its holdings in shares of International Money Express by 433.9% in the third quarter. Quantbot Technologies LP now owns 30,627 shares of the company’s stock valued at $566,000 after buying an additional 24,891 shares during the period. 86.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IMXI has been the topic of several research reports. Needham & Company LLC dropped their price target 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. Monness Crespi & Hardt downgraded shares of International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Finally, UBS Group reduced their target price on shares of International Money Express from $22.00 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.50.

International Money Express Trading Up 0.5 %

Shares of NASDAQ:IMXI opened at $13.47 on Wednesday. The firm has a fifty day moving average of $17.02 and a two-hundred day moving average of $18.67. 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 firm has a market capitalization of $412.88 million, a P/E ratio of 7.53 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.