Insider Buying: Anteris Technologies Global (NASDAQ:AVR) Major Shareholder Acquires $28,750,000.00 in Stock

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd bought 5,000,000 shares of Anteris Technologies Global stock in a transaction dated Thursday, January 22nd. The stock was purchased at an average cost of $5.75 per share, for a total transaction of $28,750,000.00. Following the purchase, the insider owned 13,219,814 shares of the company’s stock, valued at approximately $76,013,930.50. This trade represents a 60.83% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Anteris Technologies Global Price Performance

AVR opened at $5.72 on Thursday. The stock has a market cap of $235.66 million, a P/E ratio of -3.16 and a beta of 1.30. Anteris Technologies Global Corp. has a 52-week low of $2.34 and a 52-week high of $8.79. The business has a fifty day moving average of $5.31 and a 200 day moving average of $4.63. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.01.

Anteris Technologies Global (NASDAQ:AVR) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.05). The firm had revenue of $0.43 million during the quarter, compared to analysts’ expectations of $0.74 million. Anteris Technologies Global had a negative net margin of 3,944.93% and a negative return on equity of 252.71%. As a group, sell-side analysts anticipate that Anteris Technologies Global Corp. will post -2.66 EPS for the current year.

Hedge Funds Weigh In On Anteris Technologies Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AVR. Deutsche Bank AG raised its holdings in Anteris Technologies Global by 8.1% during the fourth quarter. Deutsche Bank AG now owns 28,865 shares of the company’s stock worth $144,000 after purchasing an additional 2,171 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Anteris Technologies Global during the 4th quarter worth $324,000. Bearing Point Capital LLC lifted its position in Anteris Technologies Global by 5.0% in the fourth quarter. Bearing Point Capital LLC now owns 95,560 shares of the company’s stock valued at $477,000 after acquiring an additional 4,560 shares during the last quarter. Intech Investment Management LLC acquired a new position in Anteris Technologies Global in the fourth quarter valued at $67,000. Finally, Geode Capital Management LLC grew its holdings in shares of Anteris Technologies Global by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 796,069 shares of the company’s stock worth $3,973,000 after purchasing an additional 47,119 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AVR shares. Weiss Ratings restated a “sell (e+)” rating on shares of Anteris Technologies Global in a research note on Monday, December 29th. Lake Street Capital reiterated a “buy” rating and issued a $15.00 price target on shares of Anteris Technologies Global in a report on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Anteris Technologies Global has an average rating of “Hold” and a consensus price target of $15.00.

Anteris Technologies Global Company Profile

Anteris Technologies Global Corp. engages in the development and commercialization of medical devices for heart diseases. The company was founded in 1999 and is headquartered in Eagan, MN.