Anteris Technologies Global (NASDAQ:AVR) Major Shareholder L1 Capital Pty Ltd Sells 14,581 Shares

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 14,581 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $8.23, for a total value of $120,001.63. Following the completion of the sale, the insider directly owned 5,613,721 shares in the company, valued at approximately $46,200,923.83. The trade was a 0.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 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 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 transaction 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 value 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 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 value of $186,990.00.

Anteris Technologies Global Stock Performance

NASDAQ:AVR opened at $8.05 on Thursday. The stock has a 50-day simple moving average of $9.16 and a two-hundred day simple moving average of $7.24. The firm 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 52-week low of $3.17 and a 52-week high of $11.06.

Anteris Technologies Global (NASDAQ:AVR) last posted its quarterly earnings data 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). The company had revenue of $0.49 million for 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 period in the previous year, the firm earned ($0.61) earnings per share. Equities analysts forecast that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Anteris Technologies Global

A number of hedge funds have recently made changes to their positions in AVR. L1 Capital Pty Ltd grew its holdings in shares of Anteris Technologies Global by 143.2% in the third quarter. L1 Capital Pty Ltd now owns 6,838,136 shares of the company’s stock valued at $30,772,000 after purchasing an additional 4,026,136 shares in the last quarter. ADAR1 Capital Management LLC lifted its holdings in shares of Anteris Technologies Global by 205.9% in the 1st quarter. ADAR1 Capital Management LLC now owns 3,789,132 shares of the company’s stock valued at $21,030,000 after acquiring an additional 2,550,355 shares during the last quarter. Perceptive Advisors LLC grew its position in Anteris Technologies Global by 104.4% in the first quarter. Perceptive Advisors LLC now owns 3,425,476 shares of the company’s stock worth $19,011,000 after acquiring an additional 1,750,000 shares in the last quarter. Nantahala Capital Management LLC increased its stake in Anteris Technologies Global by 31.9% during the fourth quarter. Nantahala Capital Management LLC now owns 2,530,910 shares of the company’s stock worth $12,629,000 after acquiring an additional 612,244 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Anteris Technologies Global by 32.7% during the third quarter. JPMorgan Chase & Co. now owns 1,417,627 shares of the company’s stock valued at $6,379,000 after purchasing an additional 349,299 shares during the period.

Analysts Set New Price Targets

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