L1 Capital Pty Ltd Sells 208,731 Shares of Anteris Technologies Global (NASDAQ:AVR) Stock

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 208,731 shares of Anteris Technologies Global stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $8.09, for a total value of $1,688,633.79. Following the completion of the transaction, the insider owned 7,347,452 shares in the company, valued at approximately $59,440,886.68. This represents a 2.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions 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 shares were sold at an average price of $8.19, for a total value of $1,906,771.23.
• 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 Price Performance

Shares of Anteris Technologies Global stock opened at $8.24 on Friday. Anteris Technologies Global Corp. has a one year low of $2.99 and a one year high of $11.06. The business’s 50 day simple moving average is $9.25 and its two-hundred day simple moving average is $7.14. The stock has a market capitalization of $802.08 million, a P/E ratio of -3.70 and a beta of 1.65.

Anteris Technologies Global (NASDAQ:AVR) last issued its earnings results 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 firm had revenue of $0.49 million during the quarter, compared to the consensus estimate of $0.77 million. During the same quarter in the prior year, the business posted ($0.61) EPS. Sell-side analysts expect that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current fiscal year.

Institutional Trading of Anteris Technologies Global

Several large investors have recently added to or reduced their stakes in the stock. L1 Capital Pty Ltd raised its holdings in Anteris Technologies Global by 143.2% in the 3rd quarter. L1 Capital Pty Ltd now owns 6,838,136 shares of the company’s stock worth $30,772,000 after purchasing an additional 4,026,136 shares in the last quarter. ADAR1 Capital Management LLC boosted its stake in shares of Anteris Technologies Global by 205.9% during the 1st quarter. ADAR1 Capital Management LLC now owns 3,789,132 shares of the company’s stock valued at $21,030,000 after purchasing an additional 2,550,355 shares in the last quarter. Perceptive Advisors LLC increased its position in shares of Anteris Technologies Global by 104.4% during the first quarter. Perceptive Advisors LLC now owns 3,425,476 shares of the company’s stock valued at $19,011,000 after buying an additional 1,750,000 shares during the period. JPMorgan Chase & Co. increased its position in shares of Anteris Technologies Global by 9,958.6% during the second quarter. JPMorgan Chase & Co. now owns 1,068,328 shares of the company’s stock valued at $4,049,000 after buying an additional 1,057,707 shares during the period. Finally, Militia Capital Management LLC bought a new position in Anteris Technologies Global in the first quarter worth about $3,663,000.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AVR. Wall Street Zen raised shares of Anteris Technologies Global from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Anteris Technologies Global in a report on Friday, May 29th. Finally, Barclays raised their target price 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. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.