Anchor Capital Advisors LLC Sells 23,254 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Anchor Capital Advisors LLC reduced its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 24.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 70,033 shares of the company’s stock after selling 23,254 shares during the period. Anchor Capital Advisors LLC owned about 0.21% of International Money Express worth $1,599,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IMXI. LSV Asset Management increased its holdings in International Money Express by 3,421.5% during the 1st quarter. LSV Asset Management now owns 692,853 shares of the company’s stock worth $15,818,000 after purchasing an additional 673,178 shares during the period. Boston Partners increased its holdings in shares of International Money Express by 1,229.3% in the 4th quarter. Boston Partners now owns 571,103 shares of the company’s stock valued at $12,501,000 after acquiring an additional 528,139 shares during the period. Breach Inlet Capital Management LLC purchased a new position in shares of International Money Express in the 4th quarter valued at $9,736,000. Assenagon Asset Management S.A. increased its holdings in shares of International Money Express by 579.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 434,057 shares of the company’s stock valued at $9,588,000 after acquiring an additional 370,191 shares during the period. Finally, Voss Capital LLC increased its holdings in shares of International Money Express by 22.9% in the 4th quarter. Voss Capital LLC now owns 1,680,047 shares of the company’s stock valued at $37,112,000 after acquiring an additional 313,135 shares during the period. 86.71% of the stock is owned by institutional investors.

International Money Express Stock Performance

Shares of IMXI stock traded up $0.23 on Monday, hitting $20.08. The company had a trading volume of 173,741 shares, compared to its average volume of 223,515. The firm has a market cap of $655.41 million, a P/E ratio of 12.08 and a beta of 0.84. The company has a 50-day moving average price of $20.60 and a 200-day moving average price of $20.99. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.24. International Money Express, Inc. has a twelve month low of $15.76 and a twelve month high of $26.25.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. International Money Express had a return on equity of 43.75% and a net margin of 9.02%. The business had revenue of $150.41 million during the quarter, compared to analysts’ expectations of $150.60 million. As a group, equities research analysts predict that International Money Express, Inc. will post 2.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on IMXI shares. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of International Money Express in a research report on Thursday, May 9th. BTIG Research started coverage on International Money Express in a research report on Monday, June 3rd. They issued a “buy” rating and a $25.00 price objective for the company. BMO Capital Markets raised their price objective on International Money Express from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. Finally, Monness Crespi & Hardt began coverage on International Money Express in a research report on Wednesday, March 20th. They set a “buy” rating and a $27.00 price target for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, International Money Express currently has an average rating of “Moderate Buy” and an average target price of $25.00.

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.