Loomis Sayles & Co. L P Sells 18,350 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Loomis Sayles & Co. L P trimmed its position in International Money Express, Inc. (NASDAQ:IMXI) by 3.8% during the third quarter, Holdings Channel reports. The institutional investor owned 465,563 shares of the company’s stock after selling 18,350 shares during the quarter. Loomis Sayles & Co. L P’s holdings in International Money Express were worth $8,608,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. New South Capital Management Inc. bought a new position in shares of International Money Express in the 3rd quarter worth $17,055,000. LSV Asset Management boosted its position in shares of International Money Express by 5.2% in the 2nd quarter. LSV Asset Management now owns 728,977 shares of the company’s stock worth $15,192,000 after purchasing an additional 36,124 shares during the last quarter. Royce & Associates LP boosted its position in shares of International Money Express by 9.8% in the 3rd quarter. Royce & Associates LP now owns 557,189 shares of the company’s stock worth $10,302,000 after purchasing an additional 49,582 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of International Money Express by 46.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock worth $9,946,000 after purchasing an additional 152,464 shares during the last quarter. Finally, Mcmorgan & Co. LLC boosted its position in shares of International Money Express by 5.0% in the 2nd quarter. Mcmorgan & Co. LLC now owns 195,700 shares of the company’s stock worth $4,078,000 after purchasing an additional 9,305 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Oppenheimer assumed coverage on International Money Express in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Monness Crespi & Hardt reduced their price target on International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Northland Securities raised their price target on International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. BTIG Research reaffirmed a “neutral” rating on shares of International Money Express in a research note on Wednesday, August 7th. Finally, BMO Capital Markets raised their price objective on International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

International Money Express Stock Performance

Shares of International Money Express stock opened at $21.10 on Thursday. The company has a market capitalization of $656.21 million, a PE ratio of 11.79 and a beta of 0.82. International Money Express, Inc. has a 12 month low of $16.17 and a 12 month high of $23.28. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. The stock’s fifty day simple moving average is $18.81 and its 200 day simple moving average is $19.43.

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.