SummitTX Capital L.P. Makes New Investment in Anteris Technologies Global Corp. $AVR

SummitTX Capital L.P. bought a new position in Anteris Technologies Global Corp. (NASDAQ:AVR) in the 1st quarter, Holdings Channel.com reports. The firm bought 238,947 shares of the company’s stock, valued at approximately $1,326,000.

A number of other large investors have also modified their holdings of the stock. Russell Investments Group Ltd. raised its holdings 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 valued at $29,000 after buying an additional 2,841 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Anteris Technologies Global in the 1st quarter worth approximately $32,000. BNP Paribas Financial Markets boosted its holdings in 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 acquiring an additional 4,302 shares during the period. Bank of America Corp DE grew its position 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 valued at $48,000 after acquiring an additional 2,798 shares in the last quarter. Finally, Duncan Williams Asset Management LLC acquired a new stake in Anteris Technologies Global in the fourth quarter valued at approximately $54,000.

Analyst Ratings Changes

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

Trending Headlines about 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.

Anteris Technologies Global Stock Down 3.3%

Shares of NASDAQ AVR opened at $7.90 on Thursday. Anteris Technologies Global Corp. has a fifty-two week low of $2.99 and a fifty-two week high of $11.06. The business has a 50 day moving average price of $9.27 and a two-hundred day moving average price of $7.11. The firm has a market cap of $768.99 million, a PE ratio of -3.54 and a beta of 1.65.

Anteris Technologies Global (NASDAQ:AVR) last posted its quarterly earnings data 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). 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 analysts’ expectations of $0.77 million. During the same quarter in the prior year, the firm earned ($0.61) earnings per share. On average, analysts anticipate that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder L1 Capital Pty Ltd sold 208,731 shares of Anteris Technologies Global stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $8.09, for a total value of $1,688,633.79. Following the completion of the sale, the insider owned 7,347,452 shares in the company, valued at approximately $59,440,886.68. The trade was a 2.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan Elizabeth Knight purchased 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was bought at an average price of $9.29 per share, with a total value of $102,190.00. Following the purchase, the director owned 11,000 shares of the company’s stock, valued at approximately $102,190. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 464,548 shares of company stock valued at $3,782,395 in the last three months. Corporate insiders own 4.50% of the company’s stock.

Anteris Technologies Global 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.