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

LSV Asset Management boosted its stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 40.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,082,780 shares of the company's stock after purchasing an additional 313,303 shares during the quarter. LSV Asset Management owned about 3.48% of International Money Express worth $22,554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IMXI. SG Americas Securities LLC grew its stake in shares of International Money Express by 23.4% in the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company's stock valued at $240,000 after buying an additional 2,182 shares during the period. Integrated Quantitative Investments LLC acquired a new stake in International Money Express in the fourth quarter valued at approximately $292,000. Wells Fargo & Company MN increased its holdings in shares of International Money Express by 51.0% during the fourth quarter. Wells Fargo & Company MN now owns 14,960 shares of the company's stock valued at $312,000 after acquiring an additional 5,050 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of International Money Express during the fourth quarter worth approximately $332,000. Finally, Intech Investment Management LLC bought a new position in shares of International Money Express in the 4th quarter worth $339,000. 86.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Needham & Company LLC restated a "buy" rating and set a $20.00 price target on shares of International Money Express in a research note on Monday, April 7th. UBS Group decreased their target price on shares of International Money Express from $22.00 to $17.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Finally, Monness Crespi & Hardt cut shares of International Money Express from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $24.50.

International Money Express Stock Up 2.0 %

Shares of IMXI traded up $0.24 during trading hours on Thursday, reaching $12.25. 89,633 shares of the stock traded hands, compared to its average volume of 309,445. International Money Express, Inc. has a 52 week low of $11.27 and a 52 week high of $22.38. The company has a market cap of $375.49 million, a price-to-earnings ratio of 6.84 and a beta of 1.01. The stock has a fifty day simple moving average of $14.38 and a 200 day simple moving average of $17.89. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12.

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.