Janus Henderson Group PLC Sells 117,849 Shares of International Money Express, Inc. $IMXI

Key Points

• Janus Henderson Group cut its International Money Express stake by 28.8%, selling 117,849 shares and retaining 291,437 shares valued at approximately $4.6 million. Institutional investors collectively own 86.71% of IMXI.
• IMXI shares opened at $12.19, near the lower half of their 52-week range, after the company reported quarterly earnings of $0.13 per share—well below the $0.41 consensus estimate—and revenue of $121.95 million versus expectations of $141.02 million.
• Analyst sentiment has weakened, with recent downgrades to “sell”; the stock carries an average “Reduce” rating from analysts tracked by MarketBeat.

Janus Henderson Group PLC reduced its holdings in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 28.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 291,437 shares of the company's stock after selling 117,849 shares during the quarter. Janus Henderson Group PLC owned about 0.97% of International Money Express worth $4,605,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Creative Planning acquired a new stake in International Money Express in the 2nd quarter valued at approximately $272,000. Norges Bank acquired a new position in shares of International Money Express during the second quarter worth approximately $1,124,000. Quantbot Technologies LP boosted its position in shares of International Money Express by 35.5% in the second quarter. Quantbot Technologies LP now owns 32,423 shares of the company's stock valued at $327,000 after acquiring an additional 8,487 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of International Money Express by 2.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 287,744 shares of the company's stock worth $2,903,000 after acquiring an additional 7,256 shares during the last quarter. Finally, First Trust Advisors LP increased its position in International Money Express by 2.1% during the second quarter. First Trust Advisors LP now owns 93,410 shares of the company's stock worth $943,000 after acquiring an additional 1,881 shares during the period. 86.71% of the stock is currently owned by institutional investors.

International Money Express Trading Down 0.7%

Shares of International Money Express stock opened at $12.19 on Friday. International Money Express, Inc. has a 52-week low of $9.19 and a 52-week high of $15.95. The firm has a market capitalization of $366.80 million, a PE ratio of 14.34 and a beta of 0.76. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.84 and a quick ratio of 2.84. The company's fifty day moving average price is $14.00 and its two-hundred day moving average price is $15.08.

International Money Express (NASDAQ:IMXI - Get Free Report) last issued its earnings results on Monday, May 11th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.28). The business had revenue of $121.95 million for the quarter, compared to analyst estimates of $141.02 million. International Money Express had a net margin of 4.34% and a return on equity of 23.26%. On average, analysts expect that International Money Express, Inc. will post 1.95 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on IMXI shares. Wall Street Zen cut shares of International Money Express from a "hold" rating to a "sell" rating in a research note on Saturday, July 4th. Weiss Ratings downgraded shares of International Money Express from a "hold (c)" rating to a "sell (d+)" rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce".

International Money Express Profile

International Money Express, Inc NASDAQ: IMXI is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.

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