L1 Capital Pty Ltd Sells 14,581 Shares of Anteris Technologies Global (NASDAQ:AVR) Stock

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 14,581 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $8.23, for a total transaction of $120,001.63. Following the completion of the transaction, the insider owned 5,613,721 shares in the company, valued at $46,200,923.83. This represents a 0.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 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 Tuesday, August 4th, L1 Capital Pty Ltd sold 480,608 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.30, for a total transaction of $3,989,046.40.
• 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 stock was 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 shares were sold at an average price of $8.13, for a total value of $186,990.00.

Anteris Technologies Global Stock Up 6.6%

AVR stock opened at $8.91 on Friday. Anteris Technologies Global Corp. has a 52-week low of $3.17 and a 52-week high of $11.06. The stock’s 50 day moving average is $9.16 and its two-hundred day moving average is $7.27. The company has a market capitalization of $867.30 million, a PE ratio of -4.00 and a beta of 1.78.

Anteris Technologies Global (NASDAQ:AVR) last announced its 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 net margin of 5,148.78% and a negative return on equity of 124.76%. The business 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) earnings per share. As a group, sell-side analysts anticipate that Anteris Technologies Global Corp. will post -1.14 EPS for the current year.

Institutional Investors Weigh In On Anteris Technologies Global

A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Anteris Technologies Global during the 2nd quarter valued at approximately $56,846,000. Deutsche Bank AG acquired a new position in Anteris Technologies Global in the second quarter worth $890,000. Persistent Asset Partners Ltd acquired a new position in Anteris Technologies Global in the second quarter worth $413,000. Bank of New York Mellon Corp acquired a new position in Anteris Technologies Global in the second quarter worth $2,292,000. Finally, Walleye Capital LLC bought a new stake in Anteris Technologies Global during the second quarter valued at $536,000.

Analysts Set New Price Targets

A number of research analysts have commented on AVR shares. 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. Barclays boosted their target price 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, Weiss Ratings restated a “sell (d-)” rating on shares of Anteris Technologies Global in a research note on Friday, May 29th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.00.

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.