Trexquant Investment LP Sells 21,706 Shares of International Money Express, Inc. $IMXI

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 trimmed its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 55.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of International Money Express by 7,708.8% during the 1st quarter. GAMMA Investing LLC now owns 6,247 shares of the company's stock valued at $790,000 after acquiring an additional 6,167 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of International Money Express by 41.6% during the 1st quarter. New York State Common Retirement Fund now owns 10,218 shares of the company's stock worth $129,000 after buying an additional 3,000 shares during the period. Lazard Asset Management LLC increased its position in shares of International Money Express by 6.1% during 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. HighTower Advisors LLC bought a new stake in shares of International Money Express during the first quarter worth $161,000. Finally, Legato Capital Management LLC bought a new position in International Money Express in the 1st quarter worth approximately $161,000. Institutional investors and hedge funds own 86.71% of the company's stock.

Analyst Ratings Changes

IMXI has been the subject of a number of research analyst reports. Northland Capmk cut 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 report on Saturday, August 16th. Finally, Zacks Research cut International Money Express from a "hold" rating to a "strong sell" rating in a report on Monday, August 25th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $19.60.

International Money Express Stock Performance

IMXI traded down $0.02 during midday trading on Friday, reaching $14.50. The company had a trading volume of 302,658 shares, compared to its average volume of 502,400. The business has a 50-day moving average price of $12.07 and a two-hundred day moving average price of $12.01. International Money Express, Inc. has a 12-month low of $8.58 and a 12-month high of $22.37. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market cap of $430.42 million, a PE ratio of 8.84 and a beta of 0.96.

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.