LB Partners LLC Trims Stake in INTERNATIONAL MONEY EXPRESS, INC. $IMXI

LB Partners LLC lowered its stake in shares of INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI) by 17.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 130,000 shares of the company’s stock after selling 26,902 shares during the period. INTERNATIONAL MONEY EXPRESS comprises about 0.8% of LB Partners LLC’s holdings, making the stock its 18th largest position. LB Partners LLC’s holdings in INTERNATIONAL MONEY EXPRESS were worth $1,312,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP purchased a new position in shares of INTERNATIONAL MONEY EXPRESS during the first quarter valued at about $31,000. Parallel Advisors LLC increased its position in shares of INTERNATIONAL MONEY EXPRESS by 6,189.8% during the second quarter. Parallel Advisors LLC now owns 3,082 shares of the company’s stock valued at $31,000 after buying an additional 3,033 shares during the period. CWM LLC increased its position in shares of INTERNATIONAL MONEY EXPRESS by 186.5% during the second quarter. CWM LLC now owns 6,624 shares of the company’s stock valued at $67,000 after buying an additional 4,312 shares during the period. New York State Common Retirement Fund increased its position in shares of INTERNATIONAL MONEY EXPRESS by 41.6% during the first quarter. New York State Common Retirement Fund now owns 10,218 shares of the company’s stock valued at $129,000 after buying an additional 3,000 shares during the period. Finally, HighTower Advisors LLC purchased a new position in shares of INTERNATIONAL MONEY EXPRESS during the first quarter valued at about $161,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

INTERNATIONAL MONEY EXPRESS Stock Performance

NASDAQ:IMXI opened at $14.76 on Monday. The company’s 50 day moving average price is $14.47 and its 200-day moving average price is $12.12. INTERNATIONAL MONEY EXPRESS, INC. has a 52 week low of $8.58 and a 52 week high of $22.37. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. The stock has a market cap of $438.08 million, a price-to-earnings ratio of 9.00 and a beta of 0.90.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IMXI shares. Wall Street Zen upgraded shares of INTERNATIONAL MONEY EXPRESS from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Northland Capmk lowered shares of INTERNATIONAL MONEY EXPRESS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Zacks Research upgraded shares of INTERNATIONAL MONEY EXPRESS from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Finally, Weiss Ratings upgraded shares of INTERNATIONAL MONEY EXPRESS from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $19.60.

INTERNATIONAL MONEY EXPRESS Company 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.