Anteris Technologies Global (NASDAQ:AVR) Major Shareholder Sells $2,291,780.40 in Stock

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 251,844 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $9.10, for a total value of $2,291,780.40. Following the completion of the sale, the insider owned 5,187,156 shares in the company, valued at $47,203,119.60. The trade was a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more 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 Tuesday, August 11th, L1 Capital Pty Ltd sold 375,815 shares of Anteris Technologies Global stock. The shares were sold at an average price of $9.30, for a total value of $3,495,079.50.
• On Thursday, August 6th, L1 Capital Pty Ltd sold 174,721 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.10, for a total value of $1,415,240.10.
• 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 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 value 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 shares were 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.

Anteris Technologies Global Stock Performance

Shares of Anteris Technologies Global stock opened at $9.40 on Friday. The stock has a market capitalization of $916.12 million, a PE ratio of -4.82 and a beta of 1.78. Anteris Technologies Global Corp. has a 52-week low of $3.30 and a 52-week high of $11.06. The company has a 50-day simple moving average of $9.13 and a two-hundred day simple moving average of $7.38.

Anteris Technologies Global (NASDAQ:AVR) last issued its earnings results on Tuesday, August 11th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.09). The firm had revenue of $1.01 million during the quarter, compared to the consensus estimate of $1.50 million. Anteris Technologies Global had a negative return on equity of 77.69% and a negative net margin of 4,619.27%.During the same quarter in the prior year, the company posted ($0.58) EPS. As a group, equities research analysts forecast that Anteris Technologies Global Corp. will post -1.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Anteris Technologies Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in AVR. AWM Investment Company Inc. bought a new position in Anteris Technologies Global in the second quarter valued at about $1,133,000. ADAR1 Capital Management LLC bought a new stake in shares of Anteris Technologies Global during the 2nd quarter valued at about $30,979,000. Legal & General Group Plc bought a new stake in shares of Anteris Technologies Global during the 2nd quarter valued at about $78,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Anteris Technologies Global during the 2nd quarter valued at about $215,000. Finally, BlackRock Inc. purchased a new stake in shares of Anteris Technologies Global during the 2nd quarter valued at about $56,846,000.

Analyst Upgrades and Downgrades

A number of analysts have commented on AVR shares. Barclays lifted their target price on Anteris Technologies Global from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $15.00 price target on shares of Anteris Technologies Global in a report on Friday. Wall Street Zen raised Anteris Technologies Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Anteris Technologies Global in a report on Friday, May 29th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Anteris Technologies Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

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.