Bastion Asset Management Inc. Acquires New Holdings in A2Z Cust2Mate Solutions Corp. $AZ

Bastion Asset Management Inc. bought a new position in shares of A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 237,383 shares of the company’s stock, valued at approximately $1,944,000.

Several other large investors have also modified their holdings of the business. Weybosset Research & Management LLC increased its stake in shares of 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 purchasing an additional 423,956 shares in the last quarter. Honeycomb Asset Management LP acquired a new position in shares of A2Z Cust2Mate Solutions in the second quarter worth $1,773,000. Fortitude Advisory Group L.L.C. boosted its stake in shares of A2Z Cust2Mate Solutions by 31.6% during 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 acquiring an additional 95,300 shares during the last quarter. Mountain Hill Investment Partners Corp. boosted its stake in shares of A2Z Cust2Mate Solutions by 145.0% during the third 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. Finally, Marshall Wace LLP purchased a new stake in A2Z Cust2Mate Solutions during the 2nd quarter worth about $412,000. 12.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

A2Z Cust2Mate Solutions Stock Performance

A2Z Cust2Mate Solutions stock opened at $6.05 on Monday. The company has a market cap of $253.19 million, a price-to-earnings ratio of -5.40 and a beta of 1.39. A2Z Cust2Mate Solutions Corp. has a 1 year low of $5.00 and a 1 year high of $12.36. The firm has a 50 day moving average price of $6.67 and a 200 day moving average price of $7.34.

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

A2Z Cust2Mate Solutions announced that its Board of Directors has initiated a share buyback program on Wednesday, January 7th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the company to buy up to 6.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

About A2Z Cust2Mate Solutions

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.