LB Partners LLC Cuts Position in INTERNATIONAL MONEY EXPRESS, INC. $IMXI

Key Points

• LB Partners LLC has reduced its stake in INTERNATIONAL MONEY EXPRESS, INC. by 17.1%, now holding 130,000 shares valued at approximately $1.3 million.
• Analysts have mixed ratings for IMXI shares, with Zacks raising its rating to Hold, while Northland Capital downgraded it to Hold from Strong-Buy.
• As of now, 86.71% of INTERNATIONAL MONEY EXPRESS stock is owned by hedge funds and institutional investors, indicating strong institutional interest.

LB Partners LLC cut its stake in INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI - Free Report) by 17.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130,000 shares of the company's stock after selling 26,902 shares during the period. INTERNATIONAL MONEY EXPRESS comprises approximately 0.8% of LB Partners LLC's portfolio, making the stock its 18th largest position. LB Partners LLC owned about 0.43% of INTERNATIONAL MONEY EXPRESS worth $1,312,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Voss Capital LP grew its position in INTERNATIONAL MONEY EXPRESS by 6.7% in the first quarter. Voss Capital LP now owns 1,947,854 shares of the company's stock worth $24,582,000 after acquiring an additional 122,854 shares in the last quarter. LSV Asset Management lifted its stake in INTERNATIONAL MONEY EXPRESS by 4.0% in the first quarter. LSV Asset Management now owns 1,126,303 shares of the company's stock worth $14,214,000 after purchasing an additional 43,523 shares during the last quarter. Breach Inlet Capital Management LLC lifted its stake in INTERNATIONAL MONEY EXPRESS by 32.8% in the first quarter. Breach Inlet Capital Management LLC now owns 679,132 shares of the company's stock worth $8,571,000 after purchasing an additional 167,887 shares during the last quarter. Royce & Associates LP lifted its stake in INTERNATIONAL MONEY EXPRESS by 0.6% in the first quarter. Royce & Associates LP now owns 648,711 shares of the company's stock worth $8,187,000 after purchasing an additional 4,001 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in INTERNATIONAL MONEY EXPRESS by 92.8% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 537,740 shares of the company's stock worth $6,786,000 after purchasing an additional 258,820 shares during the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on IMXI shares. Zacks Research raised shares of INTERNATIONAL MONEY EXPRESS from a "strong sell" rating to a "hold" rating in a research note on Friday, October 10th. Northland Capmk downgraded shares of INTERNATIONAL MONEY EXPRESS from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Wall Street Zen raised shares of INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, Weiss Ratings raised shares of INTERNATIONAL MONEY EXPRESS from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, INTERNATIONAL MONEY EXPRESS currently has a consensus rating of "Hold" and an average price target of $19.60.

INTERNATIONAL MONEY EXPRESS Stock Performance

Shares of NASDAQ:IMXI opened at $14.76 on Monday. The company has a market cap of $438.08 million, a price-to-earnings ratio of 9.00 and a beta of 0.90. The company has a 50-day moving average price of $14.47 and a 200-day moving average price of $12.12. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.13. INTERNATIONAL MONEY EXPRESS, INC. has a 12 month low of $8.58 and a 12 month high of $22.37.

INTERNATIONAL MONEY EXPRESS Company 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.

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