LSV Asset Management Has $15.43 Million Stake in International Money Express, Inc. $IMXI

LSV Asset Management decreased its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,004,819 shares of the company’s stock after selling 38,500 shares during the quarter. LSV Asset Management’s holdings in International Money Express were worth $15,434,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in International Money Express during the second quarter worth $40,000. New York State Common Retirement Fund raised its position in International Money Express by 7,457.6% during the third quarter. New York State Common Retirement Fund now owns 8,918 shares of the company’s stock worth $125,000 after acquiring an additional 8,800 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in International Money Express during the fourth quarter worth $138,000. PenderFund Capital Management Ltd. bought a new position in shares of International Money Express in the third quarter valued at about $133,000. Finally, Fifth Lane Capital LP bought a new position in shares of International Money Express in the third quarter valued at about $140,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wall Street Zen lowered shares of International Money Express from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings lowered shares of International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

International Money Express Stock Performance

IMXI opened at $15.22 on Tuesday. The company’s 50 day moving average is $15.74 and its 200-day moving average is $15.54. International Money Express, Inc. has a 1-year low of $8.58 and a 1-year high of $15.95. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 1.57. The company has a market cap of $457.97 million, a P/E ratio of 17.91 and a beta of 0.78.

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

About International Money Express

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.