Jacobs Levy Equity Management Inc. Sells 19,341 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Jacobs Levy Equity Management Inc. reduced its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 299,356 shares of the company’s stock after selling 19,341 shares during the period. Jacobs Levy Equity Management Inc. owned 0.96% of International Money Express worth $6,236,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Aquatic Capital Management LLC bought a new position in International Money Express during the 4th quarter worth $169,000. SG Americas Securities LLC raised its position in International Money Express by 23.4% during the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock worth $240,000 after purchasing an additional 2,182 shares during the last quarter. Jump Financial LLC bought a new position in International Money Express during the 4th quarter worth $281,000. Integrated Quantitative Investments LLC bought a new position in International Money Express during the 4th quarter worth $292,000. Finally, Wells Fargo & Company MN raised its position in International Money Express by 51.0% during the 4th quarter. Wells Fargo & Company MN now owns 14,960 shares of the company’s stock worth $312,000 after purchasing an additional 5,050 shares during the last quarter. 86.71% of the stock is owned by institutional investors.

International Money Express Stock Performance

Shares of IMXI opened at $11.49 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a 50-day moving average of $12.52 and a 200-day moving average of $17.18. The company has a market cap of $346.17 million, a PE ratio of 6.42 and a beta of 1.23. International Money Express, Inc. has a one year low of $10.07 and a one year high of $22.38.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IMXI. Monness Crespi & Hardt lowered International Money Express from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of International Money Express in a research report on Monday, April 7th. BMO Capital Markets lowered International Money Express from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $18.00 to $11.00 in a research report on Friday, May 9th. Finally, UBS Group lowered their price objective on International Money Express from $17.00 to $12.00 and set a “neutral” rating for the company in a research report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.50.

About International Money Express

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.