Nantahala Capital Management LLC Takes $33.33 Million Position in Anteris Technologies Global Corp. $AVR

Nantahala Capital Management LLC bought a new stake in Anteris Technologies Global Corp. (NASDAQ:AVR) in the second quarter, HoldingsChannel.com reports. The fund bought 3,383,335 shares of the company’s stock, valued at approximately $33,325,850. Anteris Technologies Global accounts for approximately 0.0% of Nantahala Capital Management LLC’s investment portfolio, making the stock its 18th biggest position.

Several other large investors also recently bought and sold shares of the business. Russell Investments Group Ltd. raised its stake in Anteris Technologies Global by 76.9% during the third quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock valued at $29,000 after purchasing an additional 2,841 shares in the last quarter. Legal & General Group Plc bought a new position in Anteris Technologies Global during the second quarter valued at $78,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Anteris Technologies Global in the 1st quarter worth $32,000. BNP Paribas Financial Markets grew its stake in shares of Anteris Technologies Global by 83.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company’s stock worth $43,000 after buying an additional 4,302 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Anteris Technologies Global by 35.7% in the 3rd quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock worth $48,000 after buying an additional 2,798 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $15.00 target price on shares of Anteris Technologies Global in a research report on Friday, August 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Anteris Technologies Global in a research report on Wednesday. Wall Street Zen raised Anteris Technologies Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Barclays boosted 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. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Anteris Technologies Global Stock Performance

Shares of AVR stock opened at $8.74 on Friday. The stock has a 50 day moving average price of $9.07 and a 200 day moving average price of $7.60. Anteris Technologies Global Corp. has a 52-week low of $3.30 and a 52-week high of $11.06. The firm has a market capitalization of $851.80 million, a P/E ratio of -4.48 and a beta of 1.78.

Anteris Technologies Global (NASDAQ:AVR) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.09). Anteris Technologies Global had a negative net margin of 4,619.27% and a negative return on equity of 77.69%. The business had revenue of $1.01 million during the quarter, compared to the consensus estimate of $1.50 million. During the same period last year, the company earned ($0.58) EPS. As a group, sell-side analysts forecast that Anteris Technologies Global Corp. will post -1.21 EPS for the current year.

Insider Activity

In other news, major shareholder L1 Capital Pty Ltd sold 375,815 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $9.30, for a total transaction of $3,495,079.50. Following the completion of the sale, the insider directly owned 4,811,341 shares of the company’s stock, valued at approximately $44,745,471.30. The trade was a 7.25% 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 this link. Insiders have sold 3,000,659 shares of company stock worth $25,174,702 over the last ninety days. 4.50% of the stock is currently owned by insiders.

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.