Villanova Investment Management Co LLC Sells 89,925 Shares of International Money Express, Inc. $IMXI

Key Points

• Villanova Investment Management Co LLC sold 89,925 shares of International Money Express, reducing its stake by 58.9% in the first quarter, now holding only 62,743 shares.
• Several institutional investors increased their positions in International Money Express, with Breach Inlet Capital Management LLC growing their stake by 32.8% and Hotchkis & Wiley Capital Management LLC by 92.8% during the same period.
• International Money Express has faced mixed analyst ratings, with Zacks Research downgrading it to a "strong sell," while Wall Street Zen upgraded it to a "buy," leading to a current consensus rating of "hold."

Villanova Investment Management Co LLC lessened its position in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 58.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,743 shares of the company's stock after selling 89,925 shares during the quarter. International Money Express comprises 2.2% of Villanova Investment Management Co LLC's holdings, making the stock its 14th biggest position. Villanova Investment Management Co LLC owned 0.21% of International Money Express worth $792,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Voss Capital LP grew its stake in International Money Express by 6.7% in the 1st quarter. Voss Capital LP now owns 1,947,854 shares of the company's stock valued at $24,582,000 after acquiring an additional 122,854 shares during the period. LSV Asset Management increased its position in shares of International Money Express by 4.0% in the 1st quarter. LSV Asset Management now owns 1,126,303 shares of the company's stock valued at $14,214,000 after purchasing an additional 43,523 shares during the last quarter. Breach Inlet Capital Management LLC lifted its position 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 valued at $8,571,000 after acquiring an additional 167,887 shares during the last quarter. Royce & Associates LP grew its holdings in shares of International Money Express by 0.6% during the first quarter. Royce & Associates LP now owns 648,711 shares of the company's stock worth $8,187,000 after buying an additional 4,001 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in International Money Express by 92.8% during 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 in the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

International Money Express Trading Down 0.1%

Shares of IMXI stock opened at $14.48 on Thursday. The firm has a fifty day moving average of $11.92 and a 200-day moving average of $12.06. International Money Express, Inc. has a 52-week low of $8.58 and a 52-week high of $22.37. The stock has a market cap of $429.77 million, a price-to-earnings ratio of 8.83 and a beta of 0.96. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.63 and a current ratio of 1.63.

Analyst Upgrades and Downgrades

IMXI has been the topic of a number of research reports. Zacks Research downgraded International Money Express from a "hold" rating to a "strong sell" rating in a report on Monday, August 25th. Northland Capmk lowered International Money Express from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Wall Street Zen upgraded shares of International Money Express from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.

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