Villanova Investment Management Co LLC Raises Stock Position in International Money Express, Inc. (NASDAQ:IMXI)

Villanova Investment Management Co LLC grew its position in International Money Express, Inc. (NASDAQ:IMXI) by 15.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 152,668 shares of the company’s stock after purchasing an additional 20,729 shares during the period. International Money Express makes up approximately 2.8% of Villanova Investment Management Co LLC’s holdings, making the stock its 7th biggest position. Villanova Investment Management Co LLC’s holdings in International Money Express were worth $3,180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IMXI. SG Americas Securities LLC boosted its position in shares of International Money Express by 23.4% during the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock worth $240,000 after buying an additional 2,182 shares during the period. Proficio Capital Partners LLC acquired a new position in International Money Express during the 4th quarter worth $332,000. Intech Investment Management LLC bought a new position in shares of International Money Express in the fourth quarter worth $339,000. SkyView Investment Advisors LLC increased its holdings in shares of International Money Express by 3.2% during the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock valued at $374,000 after purchasing an additional 637 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of International Money Express during the fourth quarter valued at $429,000. Institutional investors own 86.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IMXI. Monness Crespi & Hardt lowered shares of International Money Express from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Needham & Company LLC decreased their price objective on shares of International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Finally, UBS Group lowered their price objective on shares of International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.50.

International Money Express Price Performance

Shares of NASDAQ IMXI opened at $12.62 on Tuesday. The firm has a 50-day moving average of $16.38 and a two-hundred day moving average of $18.53. The company has a market capitalization of $386.83 million, a price-to-earnings ratio of 7.05 and a beta of 0.87. 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, Inc. has a twelve month low of $12.57 and a twelve month high of $23.28.

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.