Anteris Technologies Global (NASDAQ:AVR) Major Shareholder Sells $1,906,771.23 in Stock

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 232,817 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $8.19, for a total transaction of $1,906,771.23. Following the transaction, the insider directly owned 7,556,183 shares of the company’s stock, valued at $61,885,138.77. The trade was a 2.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own more than 10% 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 Wednesday, July 29th, L1 Capital Pty Ltd sold 155,505 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.04, for a total transaction 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 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 shares were sold at an average price of $8.13, for a total transaction of $186,990.00.

Anteris Technologies Global Stock Performance

Anteris Technologies Global stock opened at $7.84 on Friday. Anteris Technologies Global Corp. has a one year low of $2.99 and a one year high of $11.06. The company has a market cap of $763.16 million, a P/E ratio of -3.52 and a beta of 1.65. The business has a fifty day moving average of $9.22 and a two-hundred day moving average of $7.14.

Anteris Technologies Global (NASDAQ:AVR) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.28) earnings per share 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 business had revenue of $0.49 million for the quarter, compared to analysts’ expectations of $0.77 million. During the same period last year, the business earned ($0.61) earnings per share. Sell-side analysts predict that Anteris Technologies Global Corp. will post -1.14 EPS for the current year.

Institutional Trading of Anteris Technologies Global

Several large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Anteris Technologies Global in the first quarter worth $32,000. Geode Capital Management LLC raised its position in Anteris Technologies Global by 154.3% in the 2nd quarter. Geode Capital Management LLC now owns 420,427 shares of the company’s stock valued at $1,593,000 after purchasing an additional 255,088 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Anteris Technologies Global by 9,958.6% in the second quarter. JPMorgan Chase & Co. now owns 1,068,328 shares of the company’s stock valued at $4,049,000 after purchasing an additional 1,057,707 shares in the last quarter. Nantahala Capital Management LLC raised its stake in shares of Anteris Technologies Global by 1.8% during the second quarter. Nantahala Capital Management LLC now owns 1,693,666 shares of the company’s stock worth $6,419,000 after buying an additional 30,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Anteris Technologies Global by 85.1% in the 3rd quarter. Vanguard Group Inc. now owns 745,560 shares of the company’s stock valued at $3,355,000 after acquiring an additional 342,711 shares during the period.

Analyst Ratings Changes

A number of analysts recently issued reports on AVR shares. Weiss Ratings restated a “sell (d-)” rating on shares of Anteris Technologies Global in a research note on Friday, May 29th. Barclays upped their price objective on 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 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.