Weybosset Research & Management LLC increased its position in A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ - Free Report) by 99.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 898,780 shares of the company's stock after acquiring an additional 448,326 shares during the quarter. A2Z Cust2Mate Solutions comprises about 1.8% of Weybosset Research & Management LLC's investment portfolio, making the stock its 22nd biggest position. Weybosset Research & Management LLC owned about 2.15% of A2Z Cust2Mate Solutions worth $5,851,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Bancorp USA Inc. bought a new stake in A2Z Cust2Mate Solutions during the third quarter valued at about $2,490,000. Alyeska Investment Group L.P. increased its stake in shares of A2Z Cust2Mate Solutions by 110.4% in the third quarter. Alyeska Investment Group L.P. now owns 2,000,987 shares of the company's stock worth $15,988,000 after purchasing an additional 1,050,000 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of A2Z Cust2Mate Solutions by 9.3% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 60,638 shares of the company's stock worth $484,000 after purchasing an additional 5,148 shares during the last quarter. Jain Global LLC bought a new stake in A2Z Cust2Mate Solutions during the 3rd quarter valued at approximately $2,617,000. Finally, Brevan Howard Capital Management LP bought a new stake in A2Z Cust2Mate Solutions during the 3rd quarter valued at approximately $263,000. Institutional investors and hedge funds own 12.64% of the company's stock.
Analyst Ratings Changes
Several research analysts have commented on the company. Benchmark reaffirmed a "buy" rating on shares of A2Z Cust2Mate Solutions in a research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $20.00.
View Our Latest Stock Analysis on AZ
A2Z Cust2Mate Solutions Stock Performance
NASDAQ AZ opened at $5.58 on Friday. A2Z Cust2Mate Solutions Corp. has a twelve month low of $5.00 and a twelve month high of $12.36. The stock has a market cap of $233.52 million, a PE ratio of -4.98 and a beta of 1.43. The firm has a 50-day simple moving average of $6.25 and a 200 day simple moving average of $6.72.
A2Z Cust2Mate Solutions announced that its board has initiated a share repurchase plan on Wednesday, January 7th that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 6.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.
About A2Z Cust2Mate Solutions
(
Free Report)
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.
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