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

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 23,000 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $8.13, for a total transaction of $186,990.00. Following the completion of the sale, the insider directly owned 7,789,000 shares of the company’s stock, valued at $63,324,570. This represents a 0.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 transaction of $1,906,771.23.
• On Tuesday, July 28th, L1 Capital Pty Ltd sold 208,731 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.09, for a total transaction of $1,688,633.79.

Anteris Technologies Global Trading Down 3.3%

NASDAQ AVR opened at $7.90 on Thursday. Anteris Technologies Global Corp. has a 1-year low of $2.99 and a 1-year high of $11.06. The company has a 50 day moving average of $9.27 and a 200-day moving average of $7.11. The company has a market cap of $768.99 million, a price-to-earnings ratio of -3.54 and a beta of 1.65.

Anteris Technologies Global (NASDAQ:AVR) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $0.49 million for the quarter, compared to analyst estimates of $0.77 million. During the same period in the prior year, the company earned ($0.61) EPS. On average, equities research analysts forecast that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current year.

Institutional Investors Weigh In On Anteris Technologies Global

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG lifted its stake in Anteris Technologies Global by 8.1% in the 4th quarter. Deutsche Bank AG now owns 28,865 shares of the company’s stock valued at $144,000 after purchasing an additional 2,171 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Anteris Technologies Global by 35.7% during the third quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock worth $48,000 after buying an additional 2,798 shares during the last quarter. Russell Investments Group Ltd. grew 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 worth $29,000 after buying an additional 2,841 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 increased 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.

Analyst Ratings Changes

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

Anteris Technologies Global News Summary

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.

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.