Loomis Sayles & Co. L P Sells 19,785 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Loomis Sayles & Co. L P lowered its stake in International Money Express, Inc. (NASDAQ:IMXI) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 445,778 shares of the company’s stock after selling 19,785 shares during the quarter. Loomis Sayles & Co. L P owned 1.43% of International Money Express worth $9,286,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in International Money Express by 7.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,556,925 shares of the company’s stock worth $28,788,000 after buying an additional 109,293 shares during the period. Forager Capital Management LLC raised its position in shares of International Money Express by 27.1% during the third quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock worth $22,580,000 after purchasing an additional 260,000 shares during the period. New South Capital Management Inc. lifted its holdings in shares of International Money Express by 22.7% in the 4th quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company’s stock worth $23,582,000 after purchasing an additional 209,711 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its position in International Money Express by 17.2% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company’s stock valued at $18,396,000 after purchasing an additional 145,686 shares during the period. Finally, Investment Management Associates Inc. ADV increased its stake in International Money Express by 1.9% during the 4th quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company’s stock valued at $18,731,000 after purchasing an additional 16,530 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

Analysts Set New Price Targets

IMXI has been the subject of a number of analyst reports. Monness Crespi & Hardt cut shares of International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Needham & Company LLC cut their price target on International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Finally, UBS Group lowered their price objective on International Money Express from $22.00 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $24.50.

International Money Express Price Performance

Shares of NASDAQ IMXI opened at $12.95 on Friday. The company has a market capitalization of $396.94 million, a PE 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. The stock’s 50 day moving average price is $16.55 and its 200-day moving average price is $18.57. International Money Express, Inc. has a twelve month low of $12.82 and a twelve month high of $23.28.

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.