Anteris Technologies Global (NASDAQ:AVR) Major Shareholder Sells $120,001.63 in Stock

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 14,581 shares of Anteris Technologies Global stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $8.23, for a total value of $120,001.63. Following the transaction, the insider owned 5,613,721 shares of the company’s stock, valued at $46,200,923.83. This trade represents a 0.26% decrease in their position. The transaction was disclosed in a legal 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 sales and purchases with the SEC.

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

• On Tuesday, August 4th, L1 Capital Pty Ltd sold 480,608 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.30, for a total value of $3,989,046.40.
• On Monday, August 3rd, L1 Capital Pty Ltd sold 475,693 shares of Anteris Technologies Global stock. The stock was 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 shares were sold at an average price of $8.15, for a total value 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 value 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 value 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 value 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 value 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 value of $186,990.00.

Anteris Technologies Global Trading Up 6.6%

Shares of NASDAQ:AVR opened at $8.91 on Friday. The stock has a market cap of $867.30 million, a PE ratio of -4.00 and a beta of 1.78. The stock’s fifty day simple moving average is $9.16 and its two-hundred day simple moving average is $7.27. Anteris Technologies Global Corp. has a 1-year low of $3.17 and a 1-year high of $11.06.

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 firm had revenue of $0.49 million during the quarter, compared to the consensus estimate 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. On average, sell-side analysts forecast that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Anteris Technologies Global

A number of hedge funds and other institutional investors have recently made changes to their positions in AVR. Deutsche Bank AG grew its position in Anteris Technologies Global by 8.1% during the fourth quarter. Deutsche Bank AG now owns 28,865 shares of the company’s stock valued at $144,000 after buying an additional 2,171 shares during the period. Bank of America Corp DE raised its position in 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 acquiring an additional 2,798 shares during the period. Russell Investments Group Ltd. boosted its stake in Anteris Technologies Global by 76.9% in the third quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock valued at $29,000 after acquiring an additional 2,841 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Anteris Technologies Global by 35.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,744 shares of the company’s stock valued at $45,000 after acquiring an additional 3,055 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Anteris Technologies Global by 3.0% during the 4th quarter. Barclays PLC now owns 148,128 shares of the company’s stock valued at $739,000 after acquiring an additional 4,289 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AVR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Anteris Technologies Global in a research note on Friday, May 29th. Barclays upped their target price on Anteris Technologies Global from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Finally, Wall Street Zen raised Anteris Technologies Global from a “sell” rating to a “hold” rating in a research report 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

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.