Rockefeller Capital Management L.P. Sells 573 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Rockefeller Capital Management L.P. lowered its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 0.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 467,079 shares of the company’s stock after selling 573 shares during the quarter. Rockefeller Capital Management L.P. owned 1.50% of International Money Express worth $8,636,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC raised its holdings in shares of International Money Express by 133.3% in the 3rd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $39,000 after buying an additional 1,200 shares in the last quarter. CWM LLC boosted its stake in shares of International Money Express by 201.7% in the 2nd quarter. CWM LLC now owns 3,394 shares of the company’s stock valued at $71,000 after purchasing an additional 2,269 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of International Money Express in the 2nd quarter worth about $91,000. Quarry LP increased its position in shares of International Money Express by 113.7% during the 2nd quarter. Quarry LP now owns 4,760 shares of the company’s stock worth $99,000 after purchasing an additional 2,533 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its holdings in International Money Express by 1,277.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock valued at $126,000 after purchasing an additional 5,621 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

International Money Express Price Performance

Shares of IMXI stock opened at $21.32 on Wednesday. The firm’s 50 day moving average price is $19.03 and its two-hundred day moving average price is $19.45. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. International Money Express, Inc. has a 52-week low of $16.17 and a 52-week high of $23.28. The stock has a market cap of $663.05 million, a PE ratio of 11.91 and a beta of 0.88.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IMXI. BTIG Research reiterated a “neutral” rating on shares of International Money Express in a research note on Wednesday, August 7th. Oppenheimer assumed coverage on International Money Express in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Needham & Company LLC increased their price objective on shares of International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. BMO Capital Markets increased their price target on shares of International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Monness Crespi & Hardt reduced their price objective on International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

About International Money Express

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.