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

Villanova Investment Management Co LLC increased its position in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent 13F 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 about 2.8% of Villanova Investment Management Co LLC's portfolio, making the stock its 7th biggest holding. Villanova Investment Management Co LLC owned approximately 0.49% of International Money Express worth $3,180,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in International Money Express by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 850,766 shares of the company's stock valued at $17,725,000 after purchasing an additional 2,292 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of International Money Express by 41.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 68,134 shares of the company's stock valued at $1,419,000 after buying an additional 20,076 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of International Money Express in the fourth quarter valued at approximately $6,098,000. JPMorgan Chase & Co. grew its position in International Money Express by 33.9% during the fourth quarter. JPMorgan Chase & Co. now owns 295,983 shares of the company's stock worth $6,165,000 after buying an additional 74,874 shares in the last quarter. Finally, LPL Financial LLC bought a new position in shares of International Money Express in the fourth quarter worth $4,440,000. 86.71% of the stock is currently owned by institutional investors.

International Money Express Trading Up 1.1 %

NASDAQ IMXI traded up $0.13 on Friday, reaching $12.26. The company had a trading volume of 406,220 shares, compared to its average volume of 265,961. The firm has a market cap of $375.79 million, a price-to-earnings ratio of 6.85 and a beta of 1.01. International Money Express, Inc. has a fifty-two week low of $11.78 and a fifty-two week high of $22.83. The business has a 50 day moving average of $15.79 and a two-hundred day moving average of $18.36. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80.

Analysts Set New Price Targets

Several brokerages have commented on IMXI. UBS Group lowered their price objective on shares of International Money Express from $22.00 to $17.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Needham & Company LLC lowered 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 research report on Monday, March 3rd. Finally, 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $24.50.

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.