LSV Asset Management Boosts Stock Holdings in International Money Express, Inc. (NASDAQ:IMXI)

Key Points

• LSV Asset Management increased its stake in International Money Express by 4.0%, holding approximately 3.74% of the company, valued at $14.21 million.
• Institutional investors collectively own 86.71% of International Money Express, indicating strong institutional interest in the stock.
• Recent analyst ratings show mixed views, with a neutral rating from UBS and a buy rating from Needham, reflecting varied expectations for the company's future performance.

LSV Asset Management grew its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 4.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,126,303 shares of the company's stock after purchasing an additional 43,523 shares during the period. LSV Asset Management owned approximately 3.74% of International Money Express worth $14,214,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of IMXI. New York State Common Retirement Fund boosted its position in International Money Express by 41.6% in the first quarter. New York State Common Retirement Fund now owns 10,218 shares of the company's stock worth $129,000 after purchasing an additional 3,000 shares during the last quarter. Legato Capital Management LLC bought a new stake in International Money Express in the first quarter worth about $161,000. Aquatic Capital Management LLC purchased a new position in International Money Express in the 4th quarter worth about $169,000. Lazard Asset Management LLC raised its position in International Money Express by 6.1% during the 4th quarter. Lazard Asset Management LLC now owns 11,361 shares of the company's stock valued at $235,000 after purchasing an additional 654 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of International Money Express during the fourth quarter valued at approximately $281,000. Institutional investors own 86.71% of the company's stock.

International Money Express Trading Down 1.4%

International Money Express stock traded down $0.13 during trading on Thursday, reaching $9.24. 186,111 shares of the company were exchanged, compared to its average volume of 325,592. The company has a market capitalization of $278.38 million, a P/E ratio of 5.47 and a beta of 1.02. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.75 and a quick ratio of 1.75. The stock's 50 day simple moving average is $10.17 and its two-hundred day simple moving average is $12.89. International Money Express, Inc. has a 52-week low of $8.58 and a 52-week high of $22.37.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on IMXI shares. UBS Group decreased their price target on International Money Express from $17.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. BMO Capital Markets cut shares of International Money Express from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $18.00 to $11.00 in a report on Friday, May 9th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, International Money Express has an average rating of "Hold" and a consensus target price of $19.60.

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.