Mountain Hill Investment Partners Corp. Has $1.60 Million Stock Position in A2Z Cust2Mate Solutions Corp. $AZ

Mountain Hill Investment Partners Corp. increased its holdings in shares of A2Z Cust2Mate Solutions Corp. (NASDAQ:AZ) by 78.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 246,119 shares of the company’s stock after purchasing an additional 108,400 shares during the period. A2Z Cust2Mate Solutions accounts for approximately 1.1% of Mountain Hill Investment Partners Corp.’s holdings, making the stock its 19th largest position. Mountain Hill Investment Partners Corp.’s holdings in A2Z Cust2Mate Solutions were worth $1,602,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Bastion Asset Management Inc. bought a new stake in A2Z Cust2Mate Solutions in the third quarter valued at approximately $1,944,000. Weybosset Research & Management LLC boosted 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 acquiring an additional 423,956 shares during the period. Fortitude Advisory Group L.L.C. boosted its stake in shares of A2Z Cust2Mate Solutions by 31.6% during the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 396,980 shares of the company’s stock worth $3,172,000 after acquiring an additional 95,300 shares during the period. Aristides Capital LLC acquired a new position in shares of A2Z Cust2Mate Solutions during the 3rd quarter worth approximately $495,000. Finally, Regal Partners Ltd bought a new stake in A2Z Cust2Mate Solutions in the 3rd quarter valued at $153,000. Institutional investors and hedge funds own 12.64% of the company’s stock.

A2Z Cust2Mate Solutions Stock Down 2.4%

Shares of A2Z Cust2Mate Solutions stock opened at $8.39 on Friday. The company has a market capitalization of $368.24 million, a price-to-earnings ratio of -8.15 and a beta of 1.23. A2Z Cust2Mate Solutions Corp. has a 12-month low of $5.00 and a 12-month high of $12.36. The firm’s 50-day moving average price is $6.34 and its two-hundred day moving average price is $6.57.

A2Z Cust2Mate Solutions (NASDAQ:AZ) last released its earnings results on Wednesday, April 1st. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.32). The firm had revenue of $3.65 million during the quarter, compared to the consensus estimate of $4.63 million. A2Z Cust2Mate Solutions had a negative net margin of 466.81% and a negative return on equity of 71.13%.

A2Z Cust2Mate Solutions declared that its Board of Directors has approved a stock repurchase plan on Wednesday, January 7th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the company to repurchase up to 6.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have commented on AZ. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a research report on Wednesday, January 21st. Zacks Research raised shares of A2Z Cust2Mate Solutions to a “hold” rating in a research report on Monday, March 30th. Northland Securities assumed coverage on shares of A2Z Cust2Mate Solutions in a research note on Friday, March 27th. They set an “outperform” rating and a $15.00 target price for the company. Finally, Benchmark reaffirmed a “buy” rating on shares of A2Z Cust2Mate Solutions in a report on Monday, January 5th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.