Clal Insurance Enterprises Holdings Ltd Grows Stock Position in A2Z Cust2Mate Solutions Corp. $AZ

Clal Insurance Enterprises Holdings Ltd raised its holdings in A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) by 96.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,073,305 shares of the company’s stock after buying an additional 526,653 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in A2Z Cust2Mate Solutions were worth $6,500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. raised its stake in 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 valued at $15,988,000 after buying an additional 1,050,000 shares during the last quarter. Shay Capital LLC raised its stake in A2Z Cust2Mate Solutions by 133.6% in the third quarter. Shay Capital LLC now owns 1,600,000 shares of the company’s stock valued at $12,784,000 after buying an additional 915,000 shares during the last quarter. Weybosset Research & Management LLC raised its stake in A2Z Cust2Mate Solutions by 99.5% in the fourth quarter. Weybosset Research & Management LLC now owns 898,780 shares of the company’s stock valued at $5,851,000 after buying an additional 448,326 shares during the last quarter. Cable Car Capital LP raised its stake in A2Z Cust2Mate Solutions by 60.0% in the third quarter. Cable Car Capital LP now owns 500,000 shares of the company’s stock valued at $3,995,000 after buying an additional 187,500 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in A2Z Cust2Mate Solutions by 22.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 352,582 shares of the company’s stock valued at $2,295,000 after buying an additional 63,600 shares during the last quarter. 12.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AZ shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research note on Monday, April 20th. Wall Street Zen upgraded A2Z Cust2Mate Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, April 18th. Northland Securities initiated coverage on A2Z Cust2Mate Solutions in a research note on Friday, March 27th. They issued an “outperform” rating and a $15.00 price target for the company. Finally, Zacks Research upgraded A2Z Cust2Mate Solutions to a “hold” rating in a research note on Monday, March 30th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.00.

A2Z Cust2Mate Solutions Stock Up 2.0%

Shares of NASDAQ:AZ opened at $6.07 on Friday. A2Z Cust2Mate Solutions Corp. has a 52-week low of $4.97 and a 52-week high of $12.36. The stock has a market cap of $270.36 million, a price-to-earnings ratio of -5.95 and a beta of 1.13. The business has a 50-day moving average price of $7.08 and a 200-day moving average price of $6.61.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.03). A2Z Cust2Mate Solutions had a negative return on equity of 62.55% and a negative net margin of 415.62%.The firm had revenue of $3.32 million during the quarter, compared to analysts’ expectations of $3.06 million. As a group, equities analysts anticipate that A2Z Cust2Mate Solutions Corp. will post -0.51 EPS for the current fiscal year.

A2Z Cust2Mate Solutions declared that its Board of Directors has initiated a stock repurchase program on Friday, March 27th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the company to repurchase up to 7.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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. 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.