Schwartz Investment Counsel Inc. Sells 45,500 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Schwartz Investment Counsel Inc. cut its stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 39.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,500 shares of the company's stock after selling 45,500 shares during the period. Schwartz Investment Counsel Inc. owned approximately 0.21% of International Money Express worth $1,267,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of IMXI. nVerses Capital LLC boosted its position in shares of International Money Express by 133.3% during the 3rd quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock worth $39,000 after acquiring an additional 1,200 shares in the last quarter. CWM LLC boosted its holdings in shares of International Money Express by 201.7% in the 2nd quarter. CWM LLC now owns 3,394 shares of the company's stock valued at $71,000 after purchasing an additional 2,269 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of International Money Express in the 2nd quarter valued at $91,000. Quarry LP raised its holdings in shares of International Money Express by 113.7% during the 2nd quarter. Quarry LP now owns 4,760 shares of the company's stock worth $99,000 after buying an additional 2,533 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of International Money Express by 1,277.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company's stock worth $126,000 after buying an additional 5,621 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on IMXI. Oppenheimer began coverage on International Money Express in a research report on Tuesday, October 1st. They issued a "market perform" rating on the stock. Needham & Company LLC reduced their price target on shares of International Money Express from $25.00 to $22.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Northland Securities lowered their price objective on shares of International Money Express from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. Finally, BTIG Research reissued a "neutral" rating on shares of International Money Express in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, International Money Express presently has an average rating of "Moderate Buy" and an average target price of $25.40.

International Money Express Trading Up 0.3 %

NASDAQ:IMXI traded up $0.06 on Friday, reaching $17.64. 118,779 shares of the stock traded hands, compared to its average volume of 250,060. The firm has a market capitalization of $575.77 million, a price-to-earnings ratio of 10.56 and a beta of 0.81. International Money Express, Inc. has a 1-year low of $15.76 and a 1-year high of $23.28. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.57. The company's 50 day moving average is $17.95 and its 200-day moving average is $19.64.

International Money Express (NASDAQ:IMXI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). International Money Express had a return on equity of 43.97% and a net margin of 8.78%. The business had revenue of $171.53 million during the quarter, compared to the consensus estimate of $174.89 million. During the same period last year, the business posted $0.46 earnings per share. The business's revenue was up 1.4% on a year-over-year basis. Equities research analysts anticipate that International Money Express, Inc. will post 1.97 EPS for the current fiscal year.

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.