Altium Capital Management LLC Decreases Stake in Anteris Technologies Global Corp. (NASDAQ:AVR)

Key Points

• Altium Capital Management LLC significantly reduced its stake in Anteris Technologies Global Corp. by 77.1%, holding only 168,589 shares after selling 568,411 shares in the first quarter.
• Despite the reduction, Anteris Technologies Global remains a 1.5% share of Altium's portfolio and is ranked as its 13th largest position.
• Anteris Technologies Global reported a loss of ($0.58) EPS for the last quarter, missing analyst expectations, but had a revenue of $0.62 million, surpassing predictions.

Altium Capital Management LLC lessened its holdings in Anteris Technologies Global Corp. (NASDAQ:AVR - Free Report) by 77.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 168,589 shares of the company's stock after selling 568,411 shares during the period. Anteris Technologies Global makes up about 1.5% of Altium Capital Management LLC's investment portfolio, making the stock its 13th largest position. Altium Capital Management LLC owned about 0.47% of Anteris Technologies Global worth $614,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Anteris Technologies Global during the fourth quarter valued at $33,000. Deutsche Bank AG bought a new position in Anteris Technologies Global during the first quarter valued at $59,000. Nuveen LLC purchased a new stake in shares of Anteris Technologies Global during the first quarter valued at $71,000. Persistent Asset Partners Ltd purchased a new stake in shares of Anteris Technologies Global during the first quarter valued at $85,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Anteris Technologies Global during the first quarter valued at $91,000.

Anteris Technologies Global Stock Up 3.1%

Shares of AVR traded up $0.12 during trading hours on Friday, reaching $4.04. 117,310 shares of the company traded hands, compared to its average volume of 117,236. Anteris Technologies Global Corp. has a 12-month low of $2.34 and a 12-month high of $8.79. The stock's fifty day moving average price is $3.71 and its 200 day moving average price is $4.68.

Anteris Technologies Global (NASDAQ:AVR - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.53) by ($0.05). The business had revenue of $0.62 million for the quarter, compared to analyst estimates of $0.58 million. Equities research analysts expect that Anteris Technologies Global Corp. will post -2.66 earnings per share for the current year.

About Anteris Technologies Global

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.