Key Points
- L1 Capital Pty Ltd sold 7,800 Anteris Technologies Global shares at an average price of $8.83, generating $68,874. After the sale, it retained 4.80 million shares valued at approximately $42.4 million.
- The sale follows a series of substantial disposals by L1 Capital in late July and August, totaling several million dollars and reducing its ownership stake over time.
- Anteris reported a quarterly loss of $0.30 per share and revenue of $1.01 million, both weaker than analyst expectations. Despite the results, analysts maintain a “Moderate Buy” consensus with an average price target of $16, compared with the stock’s recent price near $8.45.
Anteris Technologies Global Corp. (NASDAQ:AVR - Get Free Report) major shareholder L1 Capital Pty Ltd sold 7,800 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $8.83, for a total transaction of $68,874.00. Following the completion of the transaction, the insider owned 4,803,541 shares in the company, valued at $42,415,267.03. This represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 11th, L1 Capital Pty Ltd sold 375,815 shares of Anteris Technologies Global stock. The stock was sold at an average price of $9.30, for a total transaction of $3,495,079.50.
- On Monday, August 10th, L1 Capital Pty Ltd sold 251,844 shares of Anteris Technologies Global stock. The shares were sold at an average price of $9.10, for a total transaction of $2,291,780.40.
- On Thursday, August 6th, L1 Capital Pty Ltd sold 174,721 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.10, for a total value of $1,415,240.10.
- 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 value of $3,989,046.40.
- On Wednesday, August 5th, L1 Capital Pty Ltd sold 14,581 shares of Anteris Technologies Global stock. The stock was 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 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 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 value of $1,906,771.23.
Anteris Technologies Global Stock Performance
Anteris Technologies Global stock opened at $8.45 on Wednesday. The company has a market cap of $823.54 million, a P/E ratio of -4.33 and a beta of 1.80. Anteris Technologies Global Corp. has a one year low of $3.30 and a one year high of $11.06. The business has a fifty day moving average of $9.01 and a two-hundred day moving average of $7.66.
Anteris Technologies Global (NASDAQ:AVR - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.09). The company had revenue of $1.01 million during the quarter, compared to analysts' expectations of $1.50 million. Anteris Technologies Global had a negative net margin of 4,619.27% and a negative return on equity of 77.69%. During the same period last year, the business posted ($0.58) earnings per share. Sell-side analysts predict that Anteris Technologies Global Corp. will post -1.21 EPS for the current year.
Analyst Ratings Changes
AVR has been the topic of a number of recent research reports. Barclays upped their target price 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. Cantor Fitzgerald reiterated an "overweight" rating and issued a $15.00 target price on shares of Anteris Technologies Global in a research note on Friday, August 14th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Anteris Technologies Global in a research note on Wednesday, August 26th. Finally, Wall Street Zen upgraded 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $16.00.
Read Our Latest Report on AVR
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. California State Teachers Retirement System boosted its position in Anteris Technologies Global by 152.8% during the 2nd quarter. California State Teachers Retirement System now owns 10,943 shares of the company's stock valued at $1,111,000 after purchasing an additional 6,615 shares during the period. Nantahala Capital Management LLC bought a new position in shares of Anteris Technologies Global in the second quarter valued at approximately $33,325,850. One68 Global Capital LLC acquired a new position in shares of Anteris Technologies Global during the 2nd quarter valued at $128,000. Bank of America Corp DE bought a new stake in shares of Anteris Technologies Global in the 2nd quarter worth approximately $1,907,000. Finally, AWM Investment Company Inc. bought a new position in shares of Anteris Technologies Global in the second quarter valued at $1,133,000.
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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