Key Points
- L1 Capital Pty Ltd sold 174,721 Anteris Technologies Global shares at an average price of $8.10, generating $1.42 million and reducing its position by 3.11% to 5.44 million shares. The transaction followed several other large sales in late July and early August.
- AVR opened at $8.96, with a market capitalization of approximately $872 million and a 52-week range of $3.17 to $11.06. The company recently reported a quarterly loss of $0.28 per share on revenue of $0.49 million, missing analyst expectations.
- Analyst sentiment remains a “Moderate Buy”, with four Buy ratings and one Sell rating and an average price target of $16.00, despite the company’s substantial losses and negative margins.
Anteris Technologies Global Corp. (NASDAQ:AVR - Get Free Report) major shareholder L1 Capital Pty Ltd sold 174,721 shares of Anteris Technologies Global stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $8.10, for a total transaction of $1,415,240.10. Following the sale, the insider directly owned 5,439,000 shares of the company's stock, valued at $44,055,900. The trade was a 3.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases 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 Wednesday, August 5th, L1 Capital Pty Ltd sold 14,581 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.23, for a total transaction of $120,001.63.
- 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 transaction of $3,853,113.30.
- On Friday, July 31st, L1 Capital Pty Ltd sold 48,711 shares of Anteris Technologies Global stock. The stock was 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 stock was sold at an average price of $8.04, for a total value of $1,250,260.20.
- 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 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 value 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 value of $186,990.00.
Anteris Technologies Global Price Performance
AVR opened at $8.96 on Tuesday. The business has a fifty day simple moving average of $9.15 and a 200 day simple moving average of $7.31. Anteris Technologies Global Corp. has a 1 year low of $3.17 and a 1 year high of $11.06. The company has a market capitalization of $872.17 million, a PE ratio of -4.02 and a beta of 1.79.
Anteris Technologies Global (NASDAQ:AVR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.01). Anteris Technologies Global had a negative return on equity of 124.76% and a negative net margin of 5,148.78%.The firm had revenue of $0.49 million for the quarter, compared to the consensus estimate of $0.77 million. During the same quarter in the previous year, the business earned ($0.61) EPS. Equities analysts anticipate that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current fiscal year.
Analyst Ratings Changes
AVR has been the topic of several research reports. Wall Street Zen upgraded shares of Anteris Technologies Global from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Anteris Technologies Global in a research note on Friday, May 29th. Finally, Barclays boosted their price objective on shares of Anteris Technologies Global from $17.00 to $18.00 and gave the company an "overweight" rating in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $16.00.
Check Out Our Latest Stock Analysis on Anteris Technologies Global
Hedge Funds Weigh In On Anteris Technologies Global
A number of hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. raised 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 acquiring an additional 2,841 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Anteris Technologies Global during the 1st quarter worth $32,000. BNP Paribas Financial Markets grew 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 purchasing an additional 4,302 shares in the last quarter. Bank of America Corp DE increased its position in shares of Anteris Technologies Global by 35.7% in the third 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. Finally, Duncan Williams Asset Management LLC bought a new position in shares of Anteris Technologies Global in the fourth 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.
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