Anteris Technologies Global (NASDAQ:AVR) Major Shareholder L1 Capital Pty Ltd Sells 23,000 Shares of Stock

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 23,000 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $8.13, for a total transaction of $186,990.00. Following the sale, the insider directly owned 7,789,000 shares of the company’s stock, valued at $63,324,570. The trade was a 0.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Anteris Technologies Global Stock Performance

AVR stock opened at $8.17 on Wednesday. The stock has a market capitalization of $795.28 million, a price-to-earnings ratio of -3.66 and a beta of 1.65. The firm’s 50-day moving average price is $9.28 and its two-hundred day moving average price is $7.09. Anteris Technologies Global Corp. has a 12-month low of $2.99 and a 12-month high of $11.06.

Anteris Technologies Global (NASDAQ:AVR) last posted its 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 business had revenue of $0.49 million during the quarter, compared to the consensus estimate 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 period in the previous year, the business earned ($0.61) earnings per share. Equities analysts predict that Anteris Technologies Global Corp. will post -1.14 EPS for the current year.

Institutional Trading of Anteris Technologies Global

Hedge funds have recently modified their holdings of the business. Deutsche Bank AG increased its stake in shares of Anteris Technologies Global by 8.1% in the 4th quarter. Deutsche Bank AG now owns 28,865 shares of the company’s stock worth $144,000 after acquiring an additional 2,171 shares in the last quarter. Bank of America Corp DE grew its holdings in Anteris Technologies Global by 35.7% in the third 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 period. Russell Investments Group Ltd. increased its stake in shares of 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $45,000 after purchasing an additional 3,055 shares during the last quarter. Finally, Barclays PLC lifted 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 valued at $739,000 after purchasing an additional 4,289 shares during the last quarter.

Analysts Set New Price Targets

Several analysts recently weighed in on AVR shares. Barclays lifted their price target on shares of Anteris Technologies Global from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Wall Street Zen upgraded shares of Anteris Technologies Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reissued 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

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.