Bastion Asset Management Inc. Takes $1.94 Million Position in A2Z Cust2Mate Solutions Corp. $AZ

Bastion Asset Management Inc. purchased a new stake in A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 237,383 shares of the company’s stock, valued at approximately $1,944,000. Bastion Asset Management Inc. owned about 0.57% of A2Z Cust2Mate Solutions at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AZ. Fortitude Advisory Group L.L.C. increased its stake in A2Z Cust2Mate Solutions by 31.6% in the third quarter. Fortitude Advisory Group L.L.C. now owns 396,980 shares of the company’s stock valued at $3,172,000 after purchasing an additional 95,300 shares during the period. Savant Capital LLC acquired a new position in A2Z Cust2Mate Solutions in the 3rd quarter valued at about $125,000. Mountain Hill Investment Partners Corp. raised its stake in A2Z Cust2Mate Solutions by 145.0% during the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 137,719 shares of the company’s stock valued at $1,100,000 after acquiring an additional 81,500 shares during the last quarter. Weybosset Research & Management LLC lifted its position in A2Z Cust2Mate Solutions by 1,600.0% during the 3rd quarter. Weybosset Research & Management LLC now owns 450,454 shares of the company’s stock worth $3,599,000 after acquiring an additional 423,956 shares during the period. Finally, Curated Wealth Partners LLC grew its stake in shares of A2Z Cust2Mate Solutions by 50.0% in the 3rd quarter. Curated Wealth Partners LLC now owns 49,999 shares of the company’s stock valued at $399,000 after purchasing an additional 16,666 shares during the last quarter. Institutional investors and hedge funds own 12.64% of the company’s stock.

A2Z Cust2Mate Solutions Stock Up 0.7%

NASDAQ:AZ opened at $6.05 on Monday. The firm’s fifty day simple moving average is $6.67 and its 200-day simple moving average is $7.34. The stock has a market cap of $253.19 million, a PE ratio of -5.40 and a beta of 1.39. A2Z Cust2Mate Solutions Corp. has a fifty-two week low of $5.00 and a fifty-two week high of $12.36.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.07) EPS for the quarter. A2Z Cust2Mate Solutions had a negative return on equity of 86.58% and a negative net margin of 488.70%.

A2Z Cust2Mate Solutions declared that its board has initiated a stock repurchase program on Wednesday, January 7th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the company to reacquire up to 6.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Benchmark reaffirmed a “buy” rating on shares of A2Z Cust2Mate Solutions in a report on Monday, January 5th. Weiss Ratings restated a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.00.

A2Z Cust2Mate Solutions Company Profile

A2Z Smart Technologies Corp., a technology company, focuses on the development and commercialization of retail smart cart solutions for grocery stores and supermarkets in Israel and internationally. The company operates through three segments: Precision Metal Parts, Advanced Engineering, and Smart Carts. It offers Cust2Mate system, which incorporates a smart cart that automatically calculates the value of the customers purchases in their smart cart without having to unload and reload their purchases at a customer checkout point.