Key Points
- L1 Capital bought 5,000,000 shares of Anteris Technologies Global (AVR) on Jan. 22 at $5.75 each (~$28.75M), boosting its direct holdings to 13,219,814 shares — a 60.83% increase.
- Anteris (market cap ~ $231M) reported a loss (last quarter EPS -$0.62 vs. -$0.57 est.) with weak revenue and very negative margins, and analysts remain mixed with a consensus "Hold" and an average target of $15.
Anteris Technologies Global Corp. (NASDAQ:AVR - Get Free Report) major shareholder L1 Capital Pty Ltd bought 5,000,000 shares of Anteris Technologies Global stock in a transaction that occurred on Thursday, January 22nd. The stock was purchased at an average price of $5.75 per share, with a total value of $28,750,000.00. Following the purchase, the insider directly owned 13,219,814 shares in the company, valued at $76,013,930.50. The trade was a 60.83% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Anteris Technologies Global Stock Up 2.2%
Anteris Technologies Global stock opened at $5.61 on Tuesday. The business's 50-day simple moving average is $5.25 and its two-hundred day simple moving average is $4.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.80 and a current ratio of 0.84. The company has a market cap of $231.13 million, a PE ratio of -3.10 and a beta of 1.29. Anteris Technologies Global Corp. has a fifty-two week low of $2.34 and a fifty-two week high of $8.79.
Anteris Technologies Global (NASDAQ:AVR - Get Free Report) last released its earnings results on Wednesday, November 12th. The company reported ($0.62) EPS for the quarter, missing analysts' consensus estimates of ($0.57) by ($0.05). Anteris Technologies Global had a negative return on equity of 252.71% and a negative net margin of 3,944.93%.The firm had revenue of $0.43 million for the quarter, compared to analyst estimates of $0.74 million. Equities analysts anticipate that Anteris Technologies Global Corp. will post -2.66 EPS for the current year.
Analysts Set New Price Targets
Several research analysts recently issued reports on AVR shares. Weiss Ratings reissued a "sell (e+)" rating on shares of Anteris Technologies Global in a report on Monday, December 29th. Lake Street Capital reiterated a "buy" rating and set a $15.00 price objective on shares of Anteris Technologies Global in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $15.00.
View Our Latest Stock Report on AVR
Institutional Investors Weigh In On Anteris Technologies Global
A number of institutional investors have recently modified their holdings of AVR. Bank of America Corp DE raised its holdings in Anteris Technologies Global by 35.7% in the 3rd 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. Russell Investments Group Ltd. raised its stake 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 worth $29,000 after buying an additional 2,841 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Anteris Technologies Global by 35.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,744 shares of the company's stock valued at $45,000 after buying an additional 3,055 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Anteris Technologies Global by 83.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company's stock valued at $43,000 after acquiring an additional 4,302 shares during the period. Finally, Duncan Williams Asset Management LLC purchased a new stake in Anteris Technologies Global in the 4th quarter worth $54,000.
About Anteris Technologies Global
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
