D.A. Davidson & CO. Sells 2,435 Shares of International Money Express, Inc. (NASDAQ:IMXI)

D.A. Davidson & CO. decreased its position in shares of International Money Express, Inc. (NASDAQ:IMXIFree Report) by 4.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,955 shares of the company’s stock after selling 2,435 shares during the quarter. D.A. Davidson & CO. owned approximately 0.16% of International Money Express worth $930,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. First Eagle Investment Management LLC purchased a new position in International Money Express in the 3rd quarter worth approximately $2,007,000. Swiss National Bank lifted its holdings in shares of International Money Express by 6.4% in the third quarter. Swiss National Bank now owns 76,100 shares of the company’s stock worth $1,288,000 after buying an additional 4,600 shares in the last quarter. Boston Partners boosted its position in shares of International Money Express by 10.1% during the third quarter. Boston Partners now owns 42,964 shares of the company’s stock worth $727,000 after acquiring an additional 3,933 shares during the last quarter. Norwood Investment Partners LP boosted its position in shares of International Money Express by 90.5% during the third quarter. Norwood Investment Partners LP now owns 531,881 shares of the company’s stock worth $9,005,000 after acquiring an additional 252,699 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in International Money Express by 192.8% during the third quarter. Quantbot Technologies LP now owns 13,324 shares of the company’s stock valued at $226,000 after acquiring an additional 8,774 shares in the last quarter. Institutional investors own 84.81% of the company’s stock.

International Money Express Price Performance

International Money Express stock opened at $21.03 on Monday. International Money Express, Inc. has a 52-week low of $15.76 and a 52-week high of $28.24. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 1.37. The firm’s fifty day moving average is $21.18 and its 200 day moving average is $19.27. The company has a market cap of $733.32 million, a price-to-earnings ratio of 14.11 and a beta of 0.73.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group initiated coverage on shares of International Money Express in a research note on Friday, October 20th. They issued a “neutral” rating and a $18.00 price target on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $30.00 target price (up from $28.00) on shares of International Money Express in a report on Tuesday, December 5th.

View Our Latest Stock Analysis on International Money Express

International Money Express Profile

(Free Report)

International Money Express, Inc, through its subsidiary, operates as a 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.

Further Reading

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Institutional Ownership by Quarter for International Money Express (NASDAQ:IMXI)

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