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 cut its stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 58.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,743 shares of the company's stock after selling 89,925 shares during the quarter. International Money Express makes up approximately 2.2% of Villanova Investment Management Co LLC's investment portfolio, making the stock its 14th largest holding. Villanova Investment Management Co LLC owned approximately 0.21% of International Money Express worth $792,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Rhumbline Advisers grew its stake in International Money Express by 11.4% during the first quarter. Rhumbline Advisers now owns 50,607 shares of the company's stock worth $639,000 after buying an additional 5,189 shares in the last quarter. GAMMA Investing LLC raised its holdings in International Money Express by 7,708.8% in the 1st quarter. GAMMA Investing LLC now owns 6,247 shares of the company's stock valued at $790,000 after buying an additional 6,167 shares during the last quarter. LPL Financial LLC raised its holdings in International Money Express by 2.5% in the 1st quarter. LPL Financial LLC now owns 218,413 shares of the company's stock valued at $2,756,000 after buying an additional 5,271 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in International Money Express by 9.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,906 shares of the company's stock worth $1,331,000 after purchasing an additional 5,597 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in International Money Express during the 1st quarter worth approximately $161,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IMXI. 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. Northland Capmk downgraded shares of International Money Express from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Zacks Research downgraded shares of International Money Express from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $19.60.

International Money Express Stock Performance

International Money Express stock traded up $0.01 during midday trading on Tuesday, reaching $14.51. The stock had a trading volume of 59,818 shares, compared to its average volume of 436,426. International Money Express, Inc. has a 12 month low of $8.58 and a 12 month high of $22.37. The firm's 50-day moving average price is $12.16 and its 200 day moving average price is $11.95. The firm has a market capitalization of $430.57 million, a PE ratio of 8.84 and a beta of 0.96. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.13.

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.