L1 Capital Pty Ltd Sells 480,608 Shares of Anteris Technologies Global (NASDAQ:AVR) Stock

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 480,608 shares of Anteris Technologies Global stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $8.30, for a total transaction of $3,989,046.40. Following the completion of the sale, the insider directly owned 5,628,302 shares of the company’s stock, valued at approximately $46,714,906.60. This trade represents a 7.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

L1 Capital Pty Ltd also recently made the following trade(s):

• On Wednesday, August 5th, L1 Capital Pty Ltd sold 14,581 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.23, for a total transaction of $120,001.63.
• 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 value of $3,853,113.30.
• On Friday, July 31st, L1 Capital Pty Ltd sold 48,711 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.15, for a total value of $396,994.65.
• On Wednesday, July 29th, L1 Capital Pty Ltd sold 155,505 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.04, for a total value 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 value of $4,580,790.60.
• On Monday, July 27th, L1 Capital Pty Ltd sold 232,817 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.19, for a total value of $1,906,771.23.
• 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 Stock Up 6.6%

Shares of AVR opened at $8.91 on Friday. The business’s fifty day moving average is $9.16 and its 200 day moving average is $7.27. Anteris Technologies Global Corp. has a 12-month low of $3.17 and a 12-month high of $11.06. The stock has a market cap of $867.30 million, a P/E ratio of -4.00 and a beta of 1.78.

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

Institutional Investors Weigh In On Anteris Technologies Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Anteris Technologies Global in the second quarter valued at $56,846,000. L1 Capital Pty Ltd raised its holdings in shares of Anteris Technologies Global by 143.2% in the 3rd quarter. L1 Capital Pty Ltd now owns 6,838,136 shares of the company’s stock valued at $30,772,000 after acquiring an additional 4,026,136 shares in the last quarter. ADAR1 Capital Management LLC boosted its position in shares of Anteris Technologies Global by 205.9% during the 1st quarter. ADAR1 Capital Management LLC now owns 3,789,132 shares of the company’s stock valued at $21,030,000 after acquiring an additional 2,550,355 shares during the last quarter. Perceptive Advisors LLC boosted its position in shares of Anteris Technologies Global by 104.4% during the 1st quarter. Perceptive Advisors LLC now owns 3,425,476 shares of the company’s stock valued at $19,011,000 after acquiring an additional 1,750,000 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Anteris Technologies Global by 9,958.6% during the second quarter. JPMorgan Chase & Co. now owns 1,068,328 shares of the company’s stock worth $4,049,000 after purchasing an additional 1,057,707 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AVR shares. Barclays raised their target price on Anteris Technologies Global from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Anteris Technologies Global in a research report on Friday, May 29th. Finally, Wall Street Zen upgraded Anteris Technologies Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Anteris Technologies Global has an average rating of “Moderate Buy” and a consensus price target of $16.00.

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.