International Money Express, Inc. (NASDAQ:IMXI) Shares Sold by M&T Bank Corp

M&T Bank Corp decreased its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 22.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,523 shares of the company’s stock after selling 23,231 shares during the quarter. M&T Bank Corp owned approximately 0.27% of International Money Express worth $1,719,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of IMXI. New South Capital Management Inc. bought a new position in shares of International Money Express during the third quarter valued at approximately $17,055,000. Hotchkis & Wiley Capital Management LLC acquired a new position in International Money Express during the 3rd quarter valued at approximately $4,854,000. Forager Capital Management LLC grew its stake in International Money Express by 27.1% during the 3rd quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock worth $22,580,000 after buying an additional 260,000 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in International Money Express in the third quarter worth $4,598,000. Finally, First Sabrepoint Capital Management LP bought a new stake in International Money Express in the third quarter valued at $2,752,000. Institutional investors own 86.71% of the company’s stock.

International Money Express Trading Up 0.1 %

International Money Express stock opened at $14.24 on Monday. International Money Express, Inc. has a 12-month low of $13.99 and a 12-month high of $23.28. The stock has a market capitalization of $436.48 million, a PE ratio of 7.96 and a beta of 0.87. The firm has a 50 day simple moving average of $18.75 and a 200-day simple moving average of $19.06. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80.

Analysts Set New Price Targets

IMXI has been the subject of several recent research reports. BMO Capital Markets upped their price target on shares of International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Northland Securities upped their target price on shares of International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. UBS Group dropped 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 research note on Tuesday, March 4th. Monness Crespi & Hardt downgraded International Money Express from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, Needham & Company LLC lowered their target price on 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, International Money Express has a consensus rating of “Hold” and an average target price of $24.50.

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.