Alyeska Investment Group L.P. Purchases Shares of 1,205,997 A2Z Cust2Mate Solutions Corp. $AZ

Key Points

• Alyeska Investment Group L.P. has acquired a new stake of approximately $8.5 million in A2Z Cust2Mate Solutions Corp., representing about 4.08% ownership of the company.
• Several other institutional investors also established positions in A2Z Cust2Mate Solutions, increasing total institutional ownership to 12.64%.
• Wall Street analysts have downgraded A2Z Cust2Mate Solutions to a "strong sell" rating, while one analyst maintains a "Buy" rating with a target price of $20.00.

Alyeska Investment Group L.P. purchased a new position in shares of A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,205,997 shares of the company's stock, valued at approximately $8,514,000. Alyeska Investment Group L.P. owned 4.08% of A2Z Cust2Mate Solutions at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in A2Z Cust2Mate Solutions during the 1st quarter worth approximately $35,000. Hohimer Wealth Management LLC acquired a new position in shares of A2Z Cust2Mate Solutions in the first quarter valued at approximately $141,000. Woodward Diversified Capital LLC acquired a new position in shares of A2Z Cust2Mate Solutions in the first quarter valued at approximately $143,000. Corsair Capital Management L.P. bought a new stake in shares of A2Z Cust2Mate Solutions during the first quarter worth $157,000. Finally, Fortitude Advisory Group L.L.C. acquired a new stake in shares of A2Z Cust2Mate Solutions during the first quarter worth $906,000. 12.64% of the stock is currently owned by institutional investors and hedge funds.

A2Z Cust2Mate Solutions Stock Performance

A2Z Cust2Mate Solutions stock traded up $0.56 during mid-day trading on Thursday, reaching $8.61. The company's stock had a trading volume of 330,101 shares, compared to its average volume of 224,694. A2Z Cust2Mate Solutions Corp. has a 12 month low of $1.66 and a 12 month high of $12.36. The business's 50 day simple moving average is $9.75 and its 200 day simple moving average is $8.73. The company has a market capitalization of $254.77 million, a price-to-earnings ratio of -7.18 and a beta of 1.43.

A2Z Cust2Mate Solutions (NASDAQ:AZ - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported ($0.31) EPS for the quarter. The business had revenue of $1.16 million for the quarter. A2Z Cust2Mate Solutions had a negative return on equity of 187.41% and a negative net margin of 479.28%.

Analyst Ratings Changes

AZ has been the subject of a number of research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of A2Z Cust2Mate Solutions in a report on Saturday, August 16th. Wall Street Zen cut A2Z Cust2Mate Solutions from a "hold" rating to a "strong sell" rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $20.00.

A2Z Cust2Mate Solutions 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.