MTY’s largest institutional shareholder has just sold shares in the Montreal franchisor to bring its stake below 10%.
Fidelity sold nearly $30 million worth of shares in MTY Power Group during the session of February 23. This transaction triggered the obligation to reveal to the authorities that Fidelity had started the month of March with an 8.7% stake in the operator of brands such as Bâton Rouge, Sushi Shop and Valentine.
Fidelity is therefore no longer required to report its transactions on MTY unless its stake in the company returns to 10% or more.
BMO launched its official coverage of the activities of the Lion Electric Company without recommending the purchase of the action of the manufacturer of 100% electric trucks and buses. Analyst Tamy Chen argues that the current valuation is a good reflection of his caution towards the stock and that the uptick in sales volume is a long way off and will require patience. “The company is ahead of several competitors in areas such as R&D expertise, product differentiation and initial deployment, but these advantages are already reflected in the valuation. »
An administrator ofFeed Couche-Tard bought in the middle of the week for nearly $130,000 of shares in the chain of convenience stores in Laval. Eric Boyko bought a block of 2,000 shares on Wednesday. He has been a member of Couche-Tard’s board of directors since 2017 and already met the share ownership requirement applicable to him.
The risk associated with Bomber is significantly lower than it was two years ago, RBC analyst Walter Spracklin said in a note released Friday. “Bombardier’s stock is fundamentally misvalued,” he said, raising his target price to $100 over 12 months. It’s even reasonable to believe that the stock could hit $200 in the relatively near future, he said, given the potential to boost revenue from new growth engines, such as the defense division and the certified pre-owned aircraft.
An administrator of SNC Lavalin bought $80,000 worth of shares in the Montreal engineering services firm on Thursday. Gary Baughman purchased 2,500 shares that day. He has been a member of the SNC Board of Directors for three years.
Coveo announced Thursday a partnership with SAP. The research platform of the Quebec company specializing in artificial intelligence applied to e-commerce reaches the rank of application approved by the German giant. Coveo and SAP now jointly promote and sell Coveo’s artificial intelligence platform for business-to-business (B2B) and business-to-consumer (B2C) customers.
Havision announced on Thursday that its board of directors has completed the review of the expression of interest expressed by the Ontario company Evertz and unveiled in early March. It has been determined that this expression of interest is not in the best interests of the Montreal-based streaming solutions provider and its stakeholders, and that Haivision will remain focused on executing its business and its growth strategy. Haivision had previously adopted a shareholder rights plan (poison bean) aimed at discouraging a takeover attempt by creating a significant risk of dilution.
The Quebec titles of CGI and SNC-Lavalin hit a new 52-high on the Toronto Stock Exchange this week. On the other hand, the titles of Dorel IndustriesLion, Therapeutic Knight And Taiga hit a 52-week low this week.