LB Partners LLC Has $363,000 Stake in International Money Express, Inc. $IMXI

LB Partners LLC trimmed its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 83.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,000 shares of the company’s stock after selling 120,000 shares during the period. International Money Express accounts for about 0.3% of LB Partners LLC’s investment portfolio, making the stock its 29th biggest holding. LB Partners LLC’s holdings in International Money Express were worth $363,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Creative Planning bought a new position in International Money Express in the second quarter valued at approximately $272,000. Norges Bank bought a new stake in shares of International Money Express during the 2nd quarter valued at $1,124,000. Quantbot Technologies LP raised its position in shares of International Money Express by 35.5% during the 2nd quarter. Quantbot Technologies LP now owns 32,423 shares of the company’s stock valued at $327,000 after acquiring an additional 8,487 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of International Money Express by 2.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 287,744 shares of the company’s stock valued at $2,903,000 after acquiring an additional 7,256 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of International Money Express by 2.1% in the 2nd quarter. First Trust Advisors LP now owns 93,410 shares of the company’s stock valued at $943,000 after purchasing an additional 1,881 shares during the period. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on IMXI. Weiss Ratings lowered International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Wall Street Zen upgraded International Money Express from a “sell” rating to a “hold” rating in a report on Monday, June 15th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, International Money Express has a consensus rating of “Reduce”.

International Money Express Trading Up 0.6%

Shares of NASDAQ IMXI opened at $14.54 on Thursday. The company’s fifty day moving average is $15.12 and its 200-day moving average is $15.44. The stock has a market cap of $437.51 million, a price-to-earnings ratio of 17.11 and a beta of 0.75. International Money Express, Inc. has a twelve month low of $8.58 and a twelve month high of $15.95. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 1.57.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.28). International Money Express had a net margin of 4.34% and a return on equity of 23.26%. The firm had revenue of $121.95 million during the quarter, compared to analyst estimates of $141.02 million. Equities research analysts predict that International Money Express, Inc. will post 1.86 EPS for the current year.

International Money Express Company Profile

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.