Anteris Technologies Global (NASDAQ:AVR) Major Shareholder L1 Capital Pty Ltd Sells 208,731 Shares of Stock

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 208,731 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $8.09, for a total transaction of $1,688,633.79. Following the completion of the sale, the insider directly owned 7,347,452 shares of the company’s stock, valued at $59,440,886.68. This represents a 2.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more 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, 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 value of $1,906,771.23.
• 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 Trading Down 3.3%

NASDAQ AVR opened at $7.90 on Thursday. The stock has a fifty day simple moving average of $9.27 and a 200-day simple moving average of $7.11. The stock has a market cap of $768.99 million, a PE ratio of -3.54 and a beta of 1.65. Anteris Technologies Global Corp. has a twelve month low of $2.99 and a twelve month high of $11.06.

Anteris Technologies Global (NASDAQ:AVR) last posted its earnings results on Tuesday, May 12th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). Anteris Technologies Global had a negative net margin of 5,148.78% and a negative return on equity of 124.76%. The company had revenue of $0.49 million during the quarter, compared to analyst estimates of $0.77 million. During the same period in the previous year, the company earned ($0.61) EPS. Research analysts predict that Anteris Technologies Global Corp. will post -1.14 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AVR. JPMorgan Chase & Co. boosted its position in Anteris Technologies Global by 32.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,417,627 shares of the company’s stock valued at $6,379,000 after buying an additional 349,299 shares during the period. Militia Capital Management LLC acquired a new stake in shares of Anteris Technologies Global in the first quarter valued at $3,663,000. Affinity Asset Advisors LLC boosted its holdings in Anteris Technologies Global by 87.5% in the first quarter. Affinity Asset Advisors LLC now owns 912,397 shares of the company’s stock valued at $5,064,000 after purchasing an additional 425,713 shares during the period. UBS Group AG grew its stake in Anteris Technologies Global by 133.3% during the 4th quarter. UBS Group AG now owns 515,725 shares of the company’s stock worth $2,573,000 after purchasing an additional 294,695 shares in the last quarter. Finally, Capricorn Fund Managers Ltd acquired a new position in Anteris Technologies Global during the 1st quarter worth $2,778,000.

Analysts Set New Price Targets

A number of brokerages have issued reports on AVR. Weiss Ratings reissued a “sell (d-)” rating on shares of Anteris Technologies Global in a research report on Friday, May 29th. Barclays raised their price target on Anteris Technologies Global from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report 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 given a Sell rating to the stock. According to MarketBeat.com, Anteris Technologies Global presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

More Anteris Technologies Global News

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.

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.