Hotchkis & Wiley Capital Management LLC Increases Stake 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 raised its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 92.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 537,740 shares of the company's stock after acquiring an additional 258,820 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 1.78% of International Money Express worth $6,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. LB Partners LLC bought a new stake in shares of International Money Express during the first quarter valued at about $1,974,000. LMR Partners LLP bought a new position in shares of International Money Express in the fourth quarter valued at approximately $3,124,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in International Money Express during the fourth quarter valued at approximately $3,120,000. Voss Capital LP grew its stake in International Money Express by 6.7% during the first 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 in the last quarter. Finally, American Century Companies Inc. increased its holdings in International Money Express by 45.7% during the 1st quarter. American Century Companies Inc. now owns 367,139 shares of the company's stock worth $4,633,000 after acquiring an additional 115,239 shares during the period. Hedge funds and other institutional investors own 86.71% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on IMXI. Zacks Research downgraded shares of International Money Express from a "hold" rating to a "strong sell" rating in a report on Monday. Wall Street Zen upgraded International Money Express from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Northland Capmk lowered International Money Express from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. BMO Capital Markets lowered International Money Express from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $18.00 to $11.00 in a research note on Friday, May 9th. Finally, UBS Group lowered their price target on International Money Express from $17.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $19.60.

International Money Express Trading Up 0.6%

Shares of International Money Express stock traded up $0.08 during trading on Thursday, reaching $14.50. The company's stock had a trading volume of 425,691 shares, compared to its average volume of 445,158. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. International Money Express, Inc. has a 52-week low of $8.58 and a 52-week high of $22.37. The firm's 50-day moving average is $11.05 and its two-hundred day moving average is $12.32. The company has a market cap of $430.36 million, a price-to-earnings ratio of 8.84 and a beta of 1.02.

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.