Alyeska Investment Group L.P. Sells 692,078 Shares of Anteris Technologies Global Corp. $AVR

Key Points

• Alyeska Investment Group reduced its Anteris Technologies Global stake by 92.3%, selling 692,078 shares and retaining 57,922 shares worth approximately $571,000.
• Analyst sentiment remains generally positive, with four Buy ratings and one Sell rating producing a “Moderate Buy” consensus and an average price target of $16.00.
• Anteris reported weaker-than-expected quarterly results, posting a $0.30 per-share loss and $1.01 million in revenue versus estimates of a $0.21 loss and $1.50 million in revenue; insiders have also sold more than 3 million shares over the past 90 days.

Alyeska Investment Group L.P. cut its holdings in Anteris Technologies Global Corp. (NASDAQ:AVR - Free Report) by 92.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,922 shares of the company's stock after selling 692,078 shares during the quarter. Alyeska Investment Group L.P. owned 0.06% of Anteris Technologies Global worth $571,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AVR. Russell Investments Group Ltd. raised its position 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 during the last quarter. Legal & General Group Plc bought a new position in Anteris Technologies Global during the 2nd quarter valued at about $78,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Anteris Technologies Global during the 1st quarter valued at about $32,000. BNP Paribas Financial Markets boosted 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 valued at $43,000 after acquiring an additional 4,302 shares during the last quarter. Finally, Bank of America Corp DE grew its stake 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 acquiring an additional 2,798 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Barclays lifted their target price on shares of Anteris Technologies Global from $17.00 to $18.00 and gave the stock an "overweight" rating in a research report on Friday, May 15th. Weiss Ratings reissued a "sell (d-)" rating on shares of Anteris Technologies Global in a report on Wednesday, August 26th. Wall Street Zen upgraded Anteris Technologies Global from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $15.00 price objective on shares of Anteris Technologies Global in a report on Friday, August 14th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $16.00.

Insider Activity at Anteris Technologies Global

In other news, major shareholder L1 Capital Pty Ltd sold 558,633 shares of the company's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $8.20, for a total transaction of $4,580,790.60. Following the sale, the insider directly owned 6,633,314 shares in the company, valued at approximately $54,393,174.80. This represents a 7.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 3,008,459 shares of company stock worth $25,243,576. 4.50% of the stock is currently owned by corporate insiders.

Anteris Technologies Global Stock Performance

Shares of NASDAQ:AVR opened at $8.45 on Wednesday. The firm has a fifty day moving average price of $9.01 and a 200 day moving average price of $7.66. Anteris Technologies Global Corp. has a fifty-two week low of $3.30 and a fifty-two week high of $11.06. The firm has a market cap of $823.54 million, a price-to-earnings ratio of -4.33 and a beta of 1.80.

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 the consensus estimate of ($0.21) by ($0.09). Anteris Technologies Global had a negative return on equity of 77.69% and a negative net margin of 4,619.27%.The firm had revenue of $1.01 million during the quarter, compared to the consensus estimate of $1.50 million. During the same period last year, the firm posted ($0.58) earnings per share. As a group, research analysts predict that Anteris Technologies Global Corp. will post -1.21 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.

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