Anteris Technologies Global (NASDAQ:AVR) Major Shareholder Sells $186,990.00 in Stock

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 23,000 shares of the company’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 sale was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more 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 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 Price Performance

NASDAQ:AVR opened at $8.24 on Friday. The company’s 50-day moving average is $9.25 and its two-hundred day moving average is $7.14. Anteris Technologies Global Corp. has a 1-year low of $2.99 and a 1-year high of $11.06. The firm 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 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). The firm had revenue of $0.49 million for the quarter, compared to analyst estimates of $0.77 million. Anteris Technologies Global had a negative return on equity of 124.76% and a negative net margin of 5,148.78%.During the same quarter in the prior year, the business earned ($0.61) EPS. As a group, equities analysts anticipate that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Anteris Technologies Global

A number of hedge funds have recently made changes to their positions in AVR. Russell Investments Group Ltd. increased its holdings in Anteris Technologies Global by 76.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 6,536 shares of the company’s stock valued at $29,000 after purchasing an additional 2,841 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Anteris Technologies Global during the first quarter worth $32,000. BNP Paribas Financial Markets boosted its position in shares of 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 buying an additional 4,302 shares during the period. Bank of America Corp DE boosted its position 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 period. Finally, Duncan Williams Asset Management LLC purchased a new position in shares of Anteris Technologies Global during the fourth quarter worth $54,000.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Barclays lifted their target price on Anteris Technologies Global from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Anteris Technologies Global in a report on Friday, May 29th. Finally, Wall Street Zen raised Anteris Technologies Global from a “sell” rating to a “hold” rating in a research 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. Based on data from MarketBeat.com, Anteris Technologies Global presently 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.