Key Points
- Major shareholder L1 Capital Pty Ltd sold 23,000 Anteris Technologies Global shares at an average price of $8.13, generating $186,990. The sale reduced its ownership by 0.29%, leaving it with 7.789 million shares.
- Anteris reported a quarterly loss of $0.28 per share, slightly worse than estimates, while revenue of $490,000 fell short of the $770,000 consensus forecast. Analysts expect a full-year loss of $1.14 per share.
- The stock opened at $8.17 and has traded between $2.99 and $11.06 over the past year. Analyst sentiment remains a “Moderate Buy,” with an average price target of $16, although ratings range from “Overweight” to “Sell.”
Anteris Technologies Global Corp. (NASDAQ:AVR - Get Free Report) major shareholder L1 Capital Pty Ltd sold 23,000 shares of the firm's stock in a transaction on Friday, July 24th. The shares were sold at an average price of $8.13, for a total value of $186,990.00. Following the transaction, the insider owned 7,789,000 shares of the company's stock, valued at $63,324,570. The trade was a 0.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Anteris Technologies Global Price Performance
Shares of Anteris Technologies Global stock opened at $8.17 on Wednesday. The stock has a market cap of $795.28 million, a price-to-earnings ratio of -3.66 and a beta of 1.65. The firm's 50-day moving average is $9.28 and its 200 day moving average is $7.09. Anteris Technologies Global Corp. has a 1 year low of $2.99 and a 1 year high of $11.06.
Anteris Technologies Global (NASDAQ:AVR - Get Free Report) last released 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). The firm had revenue of $0.49 million for the quarter, compared to the consensus estimate of $0.77 million. Anteris Technologies Global had a negative net margin of 5,148.78% and a negative return on equity of 124.76%. During the same quarter in the prior year, the business posted ($0.61) earnings per share. On average, equities analysts expect that Anteris Technologies Global Corp. will post -1.14 EPS for the current fiscal year.
Institutional Investors Weigh In On Anteris Technologies Global
Several hedge funds and other institutional investors have recently made changes to their positions in AVR. L1 Capital Pty Ltd lifted its stake in shares of 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 during the period. ADAR1 Capital Management LLC grew its position in Anteris Technologies Global by 205.9% during the first quarter. ADAR1 Capital Management LLC now owns 3,789,132 shares of the company's stock valued at $21,030,000 after buying an additional 2,550,355 shares during the period. Perceptive Advisors LLC grew its position in 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 holdings in 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 last quarter. Finally, Militia Capital Management LLC purchased a new stake in Anteris Technologies Global during the first quarter valued at approximately $3,663,000.
Analyst Ratings Changes
A number of analysts have commented on the company. Barclays lifted their target price on Anteris Technologies Global from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Friday, May 15th. Weiss Ratings reissued a "sell (d-)" rating on shares of Anteris Technologies Global in a research report on Friday, May 29th. Finally, Wall Street Zen raised Anteris Technologies Global from a "sell" rating to a "hold" rating in a report on Saturday, May 16th. 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, the stock has an average rating of "Moderate Buy" and an average target price of $16.00.
View Our Latest Analysis on AVR
Anteris Technologies Global Company Profile
(
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.
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