Hotchkis & Wiley Capital Management LLC Acquires Shares of 262,520 International Money Express, Inc. (NASDAQ:IMXI)

Hotchkis & Wiley Capital Management LLC bought a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 262,520 shares of the company's stock, valued at approximately $4,854,000. Hotchkis & Wiley Capital Management LLC owned approximately 0.84% of International Money Express as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of IMXI. Price T Rowe Associates Inc. MD grew its stake in shares of International Money Express by 95.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 97,072 shares of the company's stock valued at $2,217,000 after acquiring an additional 47,385 shares during the period. CWM LLC increased its stake in shares of International Money Express by 201.7% in the second quarter. CWM LLC now owns 3,394 shares of the company's stock worth $71,000 after purchasing an additional 2,269 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of International Money Express during the 2nd quarter valued at $364,000. Riverwater Partners LLC boosted its holdings in International Money Express by 14.9% in the 2nd quarter. Riverwater Partners LLC now owns 14,833 shares of the company's stock worth $309,000 after buying an additional 1,926 shares during the period. Finally, Summit Global Investments bought a new position in International Money Express in the 2nd quarter worth $247,000. Institutional investors own 86.71% of the company's stock.

International Money Express Trading Down 0.5 %

IMXI stock traded down $0.10 during midday trading on Friday, reaching $21.11. 116,563 shares of the company traded hands, compared to its average volume of 256,921. The firm has a market capitalization of $656.50 million, a price-to-earnings ratio of 11.85 and a beta of 0.88. International Money Express, Inc. has a 52-week low of $16.17 and a 52-week high of $23.28. The business has a 50 day moving average of $19.14 and a 200-day moving average of $19.48. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IMXI. Monness Crespi & Hardt decreased their target price on International Money Express from $30.00 to $28.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Northland Securities upped their target price on shares of International Money Express from $23.00 to $27.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Needham & Company LLC lifted their price target on shares of International Money Express from $22.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Oppenheimer assumed coverage on shares of International Money Express in a report on Tuesday, October 1st. They set a "market perform" rating for the company. Finally, BMO Capital Markets boosted their target price on International Money Express from $27.00 to $30.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $27.00.

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.