L1 Capital Pty Ltd Sells 475,693 Shares of Anteris Technologies Global (NASDAQ:AVR) Stock

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 475,693 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $8.10, for a total transaction of $3,853,113.30. Following the sale, the insider owned 6,108,910 shares in the company, valued at approximately $49,482,171. This trade represents a 7.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

L1 Capital Pty Ltd also recently made the following trade(s):

• On Friday, July 31st, L1 Capital Pty Ltd sold 48,711 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.15, for a total transaction of $396,994.65.
• On Wednesday, July 29th, L1 Capital Pty Ltd sold 155,505 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.04, for a total transaction of $1,250,260.20.
• On Thursday, July 30th, L1 Capital Pty Ltd sold 558,633 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.20, for a total transaction of $4,580,790.60.
• On Monday, July 27th, L1 Capital Pty Ltd sold 232,817 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.19, for a total transaction of $1,906,771.23.
• On Tuesday, July 28th, L1 Capital Pty Ltd sold 208,731 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.09, for a total transaction of $1,688,633.79.
• On Friday, July 24th, L1 Capital Pty Ltd sold 23,000 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.13, for a total transaction of $186,990.00.

Anteris Technologies Global Stock Performance

AVR stock opened at $8.05 on Thursday. The firm has a 50 day moving average price of $9.16 and a 200-day moving average price of $7.24. Anteris Technologies Global Corp. has a 52-week low of $3.17 and a 52-week high of $11.06. The firm has a market capitalization of $783.59 million, a price-to-earnings ratio of -3.61 and a beta of 1.78.

Anteris Technologies Global (NASDAQ:AVR) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.01). The company had revenue of $0.49 million during the quarter, compared to analysts’ expectations of $0.77 million. Anteris Technologies Global had a negative return on equity of 124.76% and a negative net margin of 5,148.78%.During the same quarter in the previous year, the company earned ($0.61) EPS. As a group, sell-side analysts forecast that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

AVR has been the subject of several research reports. Barclays boosted their price objective on shares of Anteris Technologies Global from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Anteris Technologies Global in a report on Friday, May 29th. Finally, Wall Street Zen upgraded Anteris Technologies Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its stake in Anteris Technologies Global by 76.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock worth $29,000 after acquiring an additional 2,841 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Anteris Technologies Global in the first quarter worth approximately $32,000. BNP Paribas Financial Markets increased its stake in shares of Anteris Technologies Global by 83.3% in the third quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company’s stock worth $43,000 after purchasing an additional 4,302 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Anteris Technologies Global by 35.7% in the third quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock worth $48,000 after purchasing an additional 2,798 shares in the last quarter. Finally, Duncan Williams Asset Management LLC bought a new stake in shares of Anteris Technologies Global during the 4th quarter valued at $54,000.

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.