Jacobs Levy Equity Management Inc. Lowers Stock Holdings in International Money Express, Inc. $IMXI

Key Points

• Jacobs Levy Equity Management Inc. sold 159,204 shares of International Money Express, Inc., reducing its stake by 53.2% to 140,152 shares, valuing approximately $1.77 million at the end of the recent reporting period.
• A total of 86.71% of International Money Express shares are now owned by institutional investors and hedge funds, with Hotchkis & Wiley Capital Management LLC increasing its position by 92.8% during the first quarter.
• Analysts are divided on the stock, with ratings ranging from a "strong buy" to a "strong sell," resulting in an average rating of "Hold" and a price target of $19.60.

Jacobs Levy Equity Management Inc. cut its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 53.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,152 shares of the company's stock after selling 159,204 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.47% of International Money Express worth $1,769,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of International Money Express in the 1st quarter worth $31,000. GAMMA Investing LLC increased its stake in shares of International Money Express by 7,708.8% in the 1st quarter. GAMMA Investing LLC now owns 6,247 shares of the company's stock worth $790,000 after acquiring an additional 6,167 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of International Money Express by 41.6% in the 1st quarter. New York State Common Retirement Fund now owns 10,218 shares of the company's stock worth $129,000 after acquiring an additional 3,000 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of International Money Express by 6.1% in the 4th quarter. Lazard Asset Management LLC now owns 11,361 shares of the company's stock worth $235,000 after acquiring an additional 654 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of International Money Express in the 1st quarter worth $161,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IMXI has been the topic of several research analyst reports. Northland Capmk lowered shares of International Money Express from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Wall Street Zen upgraded shares of International Money Express from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Finally, Zacks Research lowered shares of International Money Express from a "hold" rating to a "strong sell" rating in a report on Monday, August 25th. Two 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's stock. According to MarketBeat.com, International Money Express presently has a consensus rating of "Hold" and a consensus price target of $19.60.

International Money Express Trading Down 0.1%

IMXI traded down $0.02 on Friday, hitting $14.50. The company had a trading volume of 302,658 shares, compared to its average volume of 502,400. The firm has a market cap of $430.42 million, a P/E ratio of 8.84 and a beta of 0.96. International Money Express, Inc. has a 1 year low of $8.58 and a 1 year high of $22.37. The company's fifty day moving average price is $12.07 and its 200 day moving average price is $11.99. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.13.

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.