Hotchkis & Wiley Capital Management LLC Increases Holdings in INTERNATIONAL MONEY EXPRESS, INC. $IMXI

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in INTERNATIONAL MONEY EXPRESS, INC. by 92.8%, owning approximately 537,740 shares valued at $6.8 million as of the latest SEC filing.
• A number of institutional investors have also increased their holdings in IMXI, with hedge funds collectively owning 86.71% of the company's stock.
• Recent analyst ratings have been mixed, with BMO Capital Markets downgrading the stock to "market perform" and lowering the price target from $18.00 to $11.00, while Wall Street Zen upgraded the stock from "hold" to "buy".

Hotchkis & Wiley Capital Management LLC lifted its position in shares of INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI - Free Report) by 92.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 537,740 shares of the company's stock after purchasing an additional 258,820 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 1.78% of INTERNATIONAL MONEY EXPRESS worth $6,786,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. LB Partners LLC acquired a new position in INTERNATIONAL MONEY EXPRESS in the 1st quarter valued at about $1,974,000. LMR Partners LLP acquired a new position in INTERNATIONAL MONEY EXPRESS in the 4th quarter valued at about $3,124,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in INTERNATIONAL MONEY EXPRESS in the 4th quarter valued at about $3,120,000. Voss Capital LP increased its position in INTERNATIONAL MONEY EXPRESS by 6.7% in the 1st quarter. Voss Capital LP now owns 1,947,854 shares of the company's stock valued at $24,582,000 after acquiring an additional 122,854 shares during the period. Finally, American Century Companies Inc. increased its position in INTERNATIONAL MONEY EXPRESS by 45.7% in the 1st quarter. American Century Companies Inc. now owns 367,139 shares of the company's stock valued at $4,633,000 after acquiring an additional 115,239 shares during the period. Institutional investors and hedge funds own 86.71% of the company's stock.

INTERNATIONAL MONEY EXPRESS Price Performance

NASDAQ IMXI remained flat at $14.50 on Friday. The company's stock had a trading volume of 248,442 shares, compared to its average volume of 1,302,247. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.13. The firm has a fifty day moving average price of $11.23 and a 200-day moving average price of $12.23. INTERNATIONAL MONEY EXPRESS, INC. has a 52 week low of $8.58 and a 52 week high of $22.37. The stock has a market cap of $430.36 million, a price-to-earnings ratio of 8.84 and a beta of 1.02.

Analysts Set New Price Targets

Several brokerages recently issued reports on IMXI. Wall Street Zen upgraded INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. UBS Group dropped their price target on INTERNATIONAL MONEY EXPRESS from $17.00 to $12.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. BMO Capital Markets cut INTERNATIONAL MONEY EXPRESS from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $18.00 to $11.00 in a research report on Friday, May 9th. Zacks Research cut INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Finally, Northland Capmk cut INTERNATIONAL MONEY EXPRESS from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $19.60.

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.