L1 Capital Pty Ltd Sells 48,711 Shares of Anteris Technologies Global (NASDAQ:AVR) Stock

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 48,711 shares of Anteris Technologies Global stock in a transaction on Friday, July 31st. The stock was sold at an average price of $8.15, for a total value of $396,994.65. Following the sale, the insider owned 6,584,603 shares in the company, valued at $53,664,514.45. The trade was a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock 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 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 stock was 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 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 transaction of $186,990.00.

Anteris Technologies Global Stock Down 2.8%

Anteris Technologies Global stock opened at $8.05 on Thursday. Anteris Technologies Global Corp. has a twelve month low of $3.17 and a twelve month high of $11.06. The firm has a 50 day moving average price of $9.16 and a 200-day moving average price of $7.24. The company has a market capitalization of $783.59 million, a P/E ratio of -3.61 and a beta of 1.78.

Anteris Technologies Global (NASDAQ:AVR) last issued its quarterly 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 for the quarter, compared to analysts’ expectations 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 business earned ($0.61) EPS. Equities analysts expect that Anteris Technologies Global Corp. will post -1.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on AVR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Anteris Technologies Global in a report on Friday, May 29th. Wall Street Zen upgraded shares of Anteris Technologies Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Barclays boosted their price target on shares of Anteris Technologies Global from $17.00 to $18.00 and gave the company 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AVR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Anteris Technologies Global during the 1st quarter valued at about $32,000. Geode Capital Management LLC lifted its holdings in shares of Anteris Technologies Global by 154.3% in the second quarter. Geode Capital Management LLC now owns 420,427 shares of the company’s stock worth $1,593,000 after buying an additional 255,088 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Anteris Technologies Global by 9,958.6% in the second quarter. JPMorgan Chase & Co. now owns 1,068,328 shares of the company’s stock valued at $4,049,000 after acquiring an additional 1,057,707 shares during the period. Nantahala Capital Management LLC grew its stake in 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 valued at $6,419,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Anteris Technologies Global by 85.1% during the third quarter. Vanguard Group Inc. now owns 745,560 shares of the company’s stock valued at $3,355,000 after acquiring an additional 342,711 shares in the last quarter.

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.