INTERNATIONAL MONEY EXPRESS, INC. $IMXI Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP has significantly reduced its stake in INTERNATIONAL MONEY EXPRESS, selling 21,706 shares and lowering its ownership by 55.7% in the first quarter.
• Institutional ownership in INTERNATIONAL MONEY EXPRESS is currently at 86.71%, with notable increases from GAMMA Investing LLC and New York State Common Retirement Fund during the same period.
• Wall Street analysts have mixed ratings on the stock, with two buy ratings, five hold ratings, and one sell rating, leading to a consensus rating of "Hold" and an average target price of $19.60.

Trexquant Investment LP lowered its position in INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI - Free Report) by 55.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,286 shares of the company's stock after selling 21,706 shares during the period. Trexquant Investment LP owned approximately 0.06% of INTERNATIONAL MONEY EXPRESS worth $218,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund boosted its stake in 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 purchasing an additional 3,000 shares in the last quarter. Legato Capital Management LLC acquired a new stake in INTERNATIONAL MONEY EXPRESS in the 1st quarter worth approximately $161,000. HighTower Advisors LLC acquired a new stake in INTERNATIONAL MONEY EXPRESS in the 1st quarter worth approximately $161,000. Aigen Investment Management LP acquired a new stake in INTERNATIONAL MONEY EXPRESS in the 1st quarter worth approximately $196,000. Finally, Lazard Asset Management LLC boosted its stake in 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 purchasing an additional 654 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on IMXI shares. Northland Capmk cut shares of INTERNATIONAL MONEY EXPRESS from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Zacks Research cut shares of INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "strong sell" rating in a research note on Monday, August 25th. Finally, Wall Street Zen raised shares of INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, INTERNATIONAL MONEY EXPRESS has an average rating of "Hold" and an average price target of $19.60.

INTERNATIONAL MONEY EXPRESS Price Performance

NASDAQ IMXI traded up $0.01 on Tuesday, hitting $14.51. The company had a trading volume of 312,985 shares, compared to its average volume of 448,103. INTERNATIONAL MONEY EXPRESS, INC. has a 12-month low of $8.58 and a 12-month high of $22.37. The company has a market capitalization of $430.66 million, a PE ratio of 8.85 and a beta of 0.96. The company's fifty day moving average price is $12.24 and its 200-day moving average price is $11.97. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.63.

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.