Stifel Financial Corp Cuts Stock Position in International Money Express, Inc. (NASDAQ:IMXI)

Stifel Financial Corp lessened its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 39.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,853 shares of the company’s stock after selling 12,436 shares during the quarter. Stifel Financial Corp’s holdings in International Money Express were worth $349,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in IMXI. New South Capital Management Inc. acquired a new stake in International Money Express during the 3rd quarter worth approximately $17,055,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of International Money Express in the third quarter valued at $4,854,000. First Eagle Investment Management LLC boosted its holdings in International Money Express by 46.9% in the second quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock valued at $9,946,000 after purchasing an additional 152,464 shares during the period. ArrowMark Colorado Holdings LLC increased its holdings in International Money Express by 17.2% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company’s stock worth $18,396,000 after purchasing an additional 145,686 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of International Money Express by 92.6% in the 2nd quarter. Millennium Management LLC now owns 191,691 shares of the company’s stock valued at $3,995,000 after buying an additional 92,154 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

International Money Express Stock Down 1.2 %

IMXI stock opened at $20.64 on Friday. International Money Express, Inc. has a one year low of $16.17 and a one year 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 company has a fifty day moving average of $20.21 and a 200-day moving average of $19.49. The stock has a market capitalization of $641.88 million, a PE ratio of 11.53 and a beta of 0.88.

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.