L1 Capital Pty Ltd Sells 232,817 Shares of Anteris Technologies Global (NASDAQ:AVR) Stock

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 232,817 shares of Anteris Technologies Global stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $8.19, for a total transaction of $1,906,771.23. Following the sale, the insider owned 7,556,183 shares in the company, valued at approximately $61,885,138.77. This represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 shares were sold at an average price of $8.13, for a total transaction of $186,990.00.

Anteris Technologies Global Trading Up 4.3%

Anteris Technologies Global stock opened at $8.24 on Friday. Anteris Technologies Global Corp. has a 52 week low of $2.99 and a 52 week high of $11.06. The stock has a market cap of $802.08 million, a price-to-earnings ratio of -3.70 and a beta of 1.65. The company’s 50-day moving average price is $9.25 and its two-hundred day moving average price is $7.14.

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Anteris Technologies Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. bought a new stake in shares of Anteris Technologies Global during the 2nd quarter worth $6,350,000. Militia Capital Management LLC purchased a new stake in shares of Anteris Technologies Global during the first quarter valued at $3,663,000. Perceptive Advisors LLC lifted its holdings in shares of Anteris Technologies Global by 104.4% during the first quarter. Perceptive Advisors LLC now owns 3,425,476 shares of the company’s stock valued at $19,011,000 after purchasing an additional 1,750,000 shares during the last quarter. Avidity Partners Management LP acquired a new position in shares of Anteris Technologies Global in the 1st quarter valued at $832,000. Finally, Bank of America Corp DE increased its stake in Anteris Technologies Global by 12.6% in the 1st quarter. Bank of America Corp DE now owns 68,755 shares of the company’s stock worth $382,000 after purchasing an additional 7,688 shares in 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.