L1 Capital Pty Ltd Sells 480,608 Shares of Anteris Technologies Global (NASDAQ:AVR) Stock

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 480,608 shares of Anteris Technologies Global stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $8.30, for a total value of $3,989,046.40. Following the sale, the insider directly owned 5,628,302 shares of the company’s stock, valued at approximately $46,714,906.60. This trade represents a 7.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, August 5th, L1 Capital Pty Ltd sold 14,581 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.23, for a total value of $120,001.63.
• On Monday, August 3rd, L1 Capital Pty Ltd sold 475,693 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.10, for a total value of $3,853,113.30.
• 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 shares were 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 shares were 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 stock was sold at an average price of $8.13, for a total value of $186,990.00.

Anteris Technologies Global Trading Down 2.8%

Shares of NASDAQ:AVR opened at $8.05 on Thursday. The company has a market capitalization of $783.59 million, a PE ratio of -3.61 and a beta of 1.78. Anteris Technologies Global Corp. has a 12-month low of $3.17 and a 12-month high of $11.06. The business’s fifty day simple moving average is $9.16 and its 200-day simple moving average is $7.24.

Anteris Technologies Global (NASDAQ:AVR) last posted its earnings results on Tuesday, May 12th. The company reported ($0.28) earnings per share (EPS) 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 net margin of 5,148.78% and a negative return on equity of 124.76%. During the same quarter last year, the firm earned ($0.61) EPS. Research analysts predict that Anteris Technologies Global Corp. will post -1.14 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on AVR shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Anteris Technologies Global in a report on Friday, May 29th. Wall Street Zen raised shares of Anteris Technologies Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Barclays increased their price target on Anteris Technologies Global from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Hedge Funds Weigh In On Anteris Technologies Global

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Anteris Technologies Global during the first quarter worth approximately $32,000. Geode Capital Management LLC boosted its stake in Anteris Technologies Global by 154.3% during the 2nd quarter. Geode Capital Management LLC now owns 420,427 shares of the company’s stock worth $1,593,000 after purchasing an additional 255,088 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Anteris Technologies Global by 9,958.6% during the second quarter. JPMorgan Chase & Co. now owns 1,068,328 shares of the company’s stock worth $4,049,000 after buying an additional 1,057,707 shares in the last quarter. Nantahala Capital Management LLC grew its holdings in shares of Anteris Technologies Global by 1.8% during the second quarter. Nantahala Capital Management LLC now owns 1,693,666 shares of the company’s stock worth $6,419,000 after buying an additional 30,000 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Anteris Technologies Global by 85.1% in the third quarter. Vanguard Group Inc. now owns 745,560 shares of the company’s stock valued at $3,355,000 after buying an additional 342,711 shares during the last quarter.

About Anteris Technologies Global

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.