Key Points
- Major shareholder L1 Capital sold 14,581 Anteris Technologies Global shares for approximately $120,002, reducing its stake by 0.26% to 5.61 million shares. The sale followed several larger disposals in late July and early August.
- Anteris shares opened at $8.36, up 3.9%, with a market capitalization of about $814 million. The company recently reported a quarterly loss of $0.28 per share and revenue of $0.49 million, both slightly below analyst expectations.
- Analyst sentiment remains mixed but leans positive: four analysts rate the stock a Buy and one rates it Sell, producing a “Moderate Buy” consensus and an average price target of $16, compared with the current share price near $8.36.
Anteris Technologies Global Corp. (NASDAQ:AVR - Get Free Report) major shareholder L1 Capital Pty Ltd sold 14,581 shares of Anteris Technologies Global stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $8.23, for a total transaction of $120,001.63. Following the completion of the sale, the insider owned 5,613,721 shares in the company, valued at approximately $46,200,923.83. This represents a 0.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
L1 Capital Pty Ltd also recently made the following trade(s):
- On Tuesday, August 4th, L1 Capital Pty Ltd sold 480,608 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.30, for a total transaction of $3,989,046.40.
- On Monday, August 3rd, L1 Capital Pty Ltd sold 475,693 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.10, for a total value of $3,853,113.30.
- On Friday, July 31st, L1 Capital Pty Ltd sold 48,711 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.15, for a total value of $396,994.65.
- On Wednesday, July 29th, L1 Capital Pty Ltd sold 155,505 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.04, for a total transaction of $1,250,260.20.
- On Thursday, July 30th, L1 Capital Pty Ltd sold 558,633 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.20, for a total value of $4,580,790.60.
- 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 value 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.
- On Friday, July 24th, L1 Capital Pty Ltd sold 23,000 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.13, for a total transaction of $186,990.00.
Anteris Technologies Global Stock Up 3.9%
Shares of NASDAQ AVR opened at $8.36 on Friday. Anteris Technologies Global Corp. has a twelve month low of $3.17 and a twelve month high of $11.06. The business has a fifty day simple moving average of $9.15 and a two-hundred day simple moving average of $7.26. The firm has a market cap of $813.78 million, a PE ratio of -3.75 and a beta of 1.78.
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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.01). The business 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, research analysts expect that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current year.
Institutional Investors Weigh In On Anteris Technologies Global
A number of large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Anteris Technologies Global in the 1st quarter valued at approximately $32,000. Geode Capital Management LLC increased its stake in Anteris Technologies Global by 154.3% during the 2nd quarter. Geode Capital Management LLC now owns 420,427 shares of the company's stock valued at $1,593,000 after purchasing an additional 255,088 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Anteris Technologies Global by 9,958.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,068,328 shares of the company's stock valued at $4,049,000 after purchasing an additional 1,057,707 shares in the last quarter. Nantahala Capital Management LLC raised its holdings in shares of Anteris Technologies Global by 1.8% in the second quarter. Nantahala Capital Management LLC now owns 1,693,666 shares of the company's stock worth $6,419,000 after buying an additional 30,000 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Anteris Technologies Global by 85.1% in the third quarter. Vanguard Group Inc. now owns 745,560 shares of the company's stock worth $3,355,000 after buying an additional 342,711 shares during the last quarter.
Wall Street Analyst Weigh In
A number of equities analysts have commented on AVR shares. Barclays boosted their target price on shares of Anteris Technologies Global from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Friday, May 15th. Wall Street Zen raised shares of Anteris Technologies Global from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Anteris Technologies Global in a research note on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $16.00.
View Our Latest Analysis on AVR
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.
See Also
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].
