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

Anteris Technologies Global Corp. (NASDAQ:AVRGet Free Report) major shareholder L1 Capital Pty Ltd sold 232,817 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $8.19, for a total transaction of $1,906,771.23. Following the transaction, the insider directly owned 7,556,183 shares of the company’s stock, valued at $61,885,138.77. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major 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 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 value of $1,688,633.79.
  • On Friday, July 24th, L1 Capital Pty Ltd sold 23,000 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.13, for a total value of $186,990.00.

Anteris Technologies Global Trading Down 3.3%

NASDAQ AVR opened at $7.90 on Thursday. The stock has a market capitalization of $768.99 million, a price-to-earnings ratio of -3.54 and a beta of 1.65. The business’s 50 day moving average is $9.27 and its two-hundred day moving average is $7.11. Anteris Technologies Global Corp. has a 12-month low of $2.99 and a 12-month high of $11.06.

Anteris Technologies Global (NASDAQ:AVRGet Free Report) last posted 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). The business had revenue of $0.49 million during 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 quarter last 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.

Key Headlines Impacting Anteris Technologies Global

Here are the key news stories impacting Anteris Technologies Global this week:

  • Positive Sentiment: L1 Capital was also reported to have purchased 5 million AVR shares for approximately $28.75 million, suggesting continued substantial institutional interest despite the more recent sales. L1 Capital purchase article
  • Positive Sentiment: Institutional ownership has increased, including larger positions reported by ADAR1 Capital Management, Perceptive Advisors and JPMorgan Chase. Analysts maintain a generally favorable view, with four Buy ratings, one Sell rating, a Moderate Buy consensus and an average price target of $16.00. Barclays also raised its target to $18.00. AVR institutional and analyst information
  • Neutral Sentiment: AVR remains well above its 200-day moving average but below its 50-day moving average, indicating longer-term gains but continued near-term volatility. The stock has traded between $2.99 and $11.06 over the past year.
  • Negative Sentiment: The latest insider activity is dominated by sales from a shareholder owning more than 10% of the company. Although these filings do not necessarily indicate a change in the company’s fundamentals, the scale and frequency of the disposals can create an overhang for the stock. SEC insider transaction filing
  • Negative Sentiment: Fundamentals remain weak: the latest quarterly loss was $0.28 per share versus a $0.27 consensus loss, while revenue of $0.49 million missed the $0.77 million estimate. Analysts expect a full-year loss of approximately $1.14 per share.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wall Street Zen upgraded Anteris Technologies Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Anteris Technologies Global in a research note on Friday, May 29th. Finally, Barclays boosted their price objective on shares of Anteris Technologies Global from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Four equities research 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, Anteris Technologies Global currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

View Our Latest Analysis on Anteris Technologies Global

Institutional Investors Weigh In On Anteris Technologies Global

A number of large investors have recently bought and sold shares of AVR. Deutsche Bank AG boosted its stake in shares of Anteris Technologies Global by 8.1% during the fourth quarter. Deutsche Bank AG now owns 28,865 shares of the company’s stock valued at $144,000 after acquiring an additional 2,171 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Anteris Technologies Global by 35.7% during the 3rd quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock worth $48,000 after purchasing an additional 2,798 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Anteris Technologies Global by 76.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock worth $29,000 after purchasing an additional 2,841 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Anteris Technologies Global by 35.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,744 shares of the company’s stock worth $45,000 after buying an additional 3,055 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Anteris Technologies Global by 3.0% during the fourth quarter. Barclays PLC now owns 148,128 shares of the company’s stock worth $739,000 after buying an additional 4,289 shares in the last quarter.

Anteris Technologies Global Company Profile

(Get Free Report)

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.

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