Mirae Asset Global Investments Co. Ltd. Sells 12,360 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 44.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,167 shares of the company’s stock after selling 12,360 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in International Money Express were worth $335,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in IMXI. SG Americas Securities LLC acquired a new position in International Money Express during the 3rd quarter valued at about $130,000. Bank of New York Mellon Corp lifted its position in International Money Express by 3.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 138,045 shares of the company’s stock valued at $2,337,000 after purchasing an additional 4,991 shares during the period. Brown Advisory Inc. lifted its position in International Money Express by 2.7% during the 3rd quarter. Brown Advisory Inc. now owns 1,391,553 shares of the company’s stock valued at $23,559,000 after purchasing an additional 36,505 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in International Money Express by 39.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,071 shares of the company’s stock valued at $154,000 after purchasing an additional 2,585 shares during the period. Finally, Foyston Gordon & Payne Inc lifted its position in International Money Express by 30.6% during the 3rd quarter. Foyston Gordon & Payne Inc now owns 20,140 shares of the company’s stock valued at $341,000 after purchasing an additional 4,721 shares during the period. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Joseph Aguilar sold 23,700 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $21.13, for a total transaction of $500,781.00. Following the completion of the sale, the insider now directly owns 105,677 shares of the company’s stock, valued at approximately $2,232,955.01. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 10.50% of the stock is owned by company insiders.

International Money Express Stock Performance

Shares of NASDAQ:IMXI opened at $21.36 on Friday. The company has a market capitalization of $720.47 million, a price-to-earnings ratio of 13.10 and a beta of 0.73. The firm’s 50 day simple moving average is $21.40 and its 200 day simple moving average is $20.56. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.94 and a quick ratio of 1.94. International Money Express, Inc. has a fifty-two week low of $15.76 and a fifty-two week high of $26.71.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $171.78 million for the quarter, compared to the consensus estimate of $175.55 million. International Money Express had a net margin of 9.03% and a return on equity of 42.30%. As a group, sell-side analysts forecast that International Money Express, Inc. will post 2.05 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. BMO Capital Markets cut their target price on shares of International Money Express from $30.00 to $29.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Monness Crespi & Hardt assumed coverage on shares of International Money Express in a research report on Wednesday, March 20th. They set a “buy” rating and a $27.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.00.

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.