Key Points
- L1 Capital Pty Ltd sold 558,633 Anteris Technologies Global shares at an average price of $8.20, generating approximately $4.58 million. The sale reduced its stake by 7.77%, leaving it with 6.63 million shares worth about $54.4 million.
- The shareholder also sold more than 620,000 additional shares in several transactions from July 24–29, indicating a broader recent reduction in its position.
- Anteris reported a quarterly loss of $0.28 per share and revenue of $0.49 million, both slightly below expectations. Despite the weak results and negative profitability metrics, analysts maintain a “Moderate Buy” consensus with an average price target of $16.00.
Anteris Technologies Global Corp. (NASDAQ:AVR - Get Free Report) major shareholder L1 Capital Pty Ltd sold 155,505 shares of the company's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $8.04, for a total value of $1,250,260.20. Following the sale, the insider owned 7,191,947 shares in the company, valued at approximately $57,823,253.88. This represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed 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.
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 shares were sold at an average price of $8.20, for a total transaction 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 transaction of $1,906,771.23.
- On Tuesday, July 28th, L1 Capital Pty Ltd sold 208,731 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.09, for a total transaction 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 transaction of $186,990.00.
Anteris Technologies Global Trading Down 4.9%
Anteris Technologies Global stock opened at $7.84 on Friday. 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 $763.16 million, a PE ratio of -3.52 and a beta of 1.65. The firm's 50 day simple moving average is $9.22 and its 200 day simple moving average is $7.14.
Anteris Technologies Global (NASDAQ:AVR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $0.77 million. During the same period in the previous year, the business earned ($0.61) earnings per share. Research analysts forecast that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current year.
Institutional Investors Weigh In On Anteris Technologies Global
Hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its stake 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 worth $29,000 after buying an additional 2,841 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Anteris Technologies Global during the 1st quarter valued at $32,000. BNP Paribas Financial Markets lifted its holdings in shares of Anteris Technologies Global by 83.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company's stock worth $43,000 after acquiring an additional 4,302 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Anteris Technologies Global by 35.7% during the 3rd quarter. Bank of America Corp DE now owns 10,631 shares of the company's stock worth $48,000 after acquiring an additional 2,798 shares during the last quarter. Finally, Duncan Williams Asset Management LLC bought a new stake in shares of Anteris Technologies Global during the 4th quarter worth $54,000.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on AVR shares. Wall Street Zen upgraded Anteris Technologies Global from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Barclays boosted their target price on Anteris Technologies Global from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Friday, May 15th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Anteris Technologies Global in a research note on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $16.00.
View Our Latest Stock Analysis on Anteris Technologies Global
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.
Recommended Stories
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].
