2,880,400 Shares in A2Z Cust2Mate Solutions Corp. $AZ Acquired by Luxor Capital Group LP

Luxor Capital Group LP acquired a new stake in shares of A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,880,400 shares of the company’s stock, valued at approximately $19,212,000. A2Z Cust2Mate Solutions accounts for about 1.3% of Luxor Capital Group LP’s investment portfolio, making the stock its 13th biggest holding. Luxor Capital Group LP owned approximately 0.06% of A2Z Cust2Mate Solutions at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. increased its position in A2Z Cust2Mate Solutions by 12.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,250,987 shares of the company’s stock worth $14,654,000 after buying an additional 250,000 shares during the period. Shay Capital LLC boosted its holdings in shares of A2Z Cust2Mate Solutions by 133.6% during the third quarter. Shay Capital LLC now owns 1,600,000 shares of the company’s stock valued at $12,784,000 after acquiring an additional 915,000 shares during the period. Weybosset Research & Management LLC boosted its holdings in shares of A2Z Cust2Mate Solutions by 71.6% during the first quarter. Weybosset Research & Management LLC now owns 1,542,249 shares of the company’s stock valued at $10,287,000 after acquiring an additional 643,469 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its position in shares of A2Z Cust2Mate Solutions by 96.3% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,073,305 shares of the company’s stock worth $6,500,000 after acquiring an additional 526,653 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of A2Z Cust2Mate Solutions by 12.7% in the 1st quarter. Private Advisor Group LLC now owns 971,946 shares of the company’s stock worth $6,483,000 after acquiring an additional 109,181 shares during the period. 12.64% of the stock is currently owned by institutional investors.

A2Z Cust2Mate Solutions Stock Performance

Shares of AZ opened at $5.59 on Friday. A2Z Cust2Mate Solutions Corp. has a one year low of $4.97 and a one year high of $11.04. The stock’s fifty day moving average is $5.97 and its 200-day moving average is $6.49. The firm has a market capitalization of $248.98 million, a price-to-earnings ratio of -5.48 and a beta of 1.16.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.03). The company had revenue of $3.32 million during the quarter, compared to analyst estimates of $3.06 million. A2Z Cust2Mate Solutions had a negative return on equity of 62.55% and a negative net margin of 415.62%. Analysts forecast that A2Z Cust2Mate Solutions Corp. will post -0.51 EPS for the current fiscal year.

A2Z Cust2Mate Solutions announced that its Board of Directors has authorized a share repurchase program on Monday, July 6th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 7.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently weighed in on AZ. Wall Street Zen upgraded shares of A2Z Cust2Mate Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. Zacks Research lowered shares of A2Z Cust2Mate Solutions from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.00.

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.