Loomis Sayles & Co. L P Decreases Position in International Money Express, Inc. (NASDAQ:IMXI)

Loomis Sayles & Co. L P decreased its position in International Money Express, Inc. (NASDAQ:IMXI) by 4.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 445,778 shares of the company’s stock after selling 19,785 shares during the period. Loomis Sayles & Co. L P’s holdings in International Money Express were worth $9,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SkyView Investment Advisors LLC increased its stake in shares of International Money Express by 3.2% in the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock worth $374,000 after purchasing an additional 637 shares in the last quarter. SG Americas Securities LLC boosted its holdings in International Money Express by 23.4% in the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock worth $240,000 after buying an additional 2,182 shares during the period. Martingale Asset Management L P grew its stake in International Money Express by 6.4% in the 3rd quarter. Martingale Asset Management L P now owns 42,370 shares of the company’s stock valued at $783,000 after buying an additional 2,563 shares in the last quarter. Principal Financial Group Inc. raised its holdings in International Money Express by 11.0% during the 4th quarter. Principal Financial Group Inc. now owns 38,011 shares of the company’s stock valued at $792,000 after acquiring an additional 3,753 shares during the period. Finally, Bullseye Asset Management LLC lifted its position in shares of International Money Express by 3.1% during the third quarter. Bullseye Asset Management LLC now owns 236,692 shares of the company’s stock worth $4,376,000 after acquiring an additional 7,069 shares in the last quarter. 86.71% of the stock is owned by institutional investors.

International Money Express Price Performance

Shares of NASDAQ IMXI opened at $12.95 on Friday. The stock’s 50-day simple moving average is $16.55 and its two-hundred day simple moving average is $18.57. International Money Express, Inc. has a twelve month low of $12.82 and a twelve month high of $23.28. The firm has a market capitalization of $396.94 million, a P/E ratio of 7.23 and a beta of 0.87. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12.

Analyst Ratings Changes

Several brokerages have recently weighed in on IMXI. Monness Crespi & Hardt cut International Money Express from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Needham & Company LLC reduced their target price on International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Finally, UBS Group lowered their price target on shares of International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company 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.