Anteris Technologies Global (NASDAQ:AVR) Major Shareholder L1 Capital Pty Ltd Sells 155,505 Shares of Stock

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 155,505 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $8.04, for a total transaction of $1,250,260.20. Following the completion of the transaction, the insider directly owned 7,191,947 shares in the company, valued at $57,823,253.88. This represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 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 stock was 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 Performance

Shares of AVR opened at $8.24 on Friday. The stock has a 50 day moving average price of $9.25 and a 200 day moving average price of $7.14. Anteris Technologies Global Corp. has a one year low of $2.99 and a one year high of $11.06. The stock has a market capitalization of $802.08 million, a price-to-earnings ratio of -3.70 and a beta of 1.65.

Anteris Technologies Global (NASDAQ:AVR) last announced 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 net margin of 5,148.78% and a negative return on equity of 124.76%. The firm had revenue of $0.49 million during the quarter, compared to analysts’ expectations of $0.77 million. During the same quarter in the previous year, the business posted ($0.61) EPS. On average, analysts predict that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its position 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 acquiring an additional 2,841 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Anteris Technologies Global during the first quarter worth about $32,000. BNP Paribas Financial Markets increased its position in Anteris Technologies Global by 83.3% during the third quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company’s stock worth $43,000 after purchasing an additional 4,302 shares during the last quarter. Bank of America Corp DE raised its stake in 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 purchasing an additional 2,798 shares during the period. Finally, Duncan Williams Asset Management LLC purchased a new position in Anteris Technologies Global during the fourth quarter worth about $54,000.

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.