ADAR1 Capital Management LLC Boosts Stock Position in Anteris Technologies Global Corp. $AVR

Key Points

• ADAR1 Capital Management LLC significantly increased its stake in Anteris Technologies Global Corp. by 59.4%, now holding approximately 4.65% of the company's shares valued at about $6.1 million.
• Several other institutional investors, including Citadel Advisors LLC and Millennium Management LLC, have added new stakes in Anteris Technologies during the recent quarters, highlighting growing interest in the company.
• Anteris Technologies reported a loss of ($0.58) earnings per share for its last quarter, missing analysts' expectations, while also generating revenue of $0.62 million, slightly above estimates.

ADAR1 Capital Management LLC raised its stake in Anteris Technologies Global Corp. (NASDAQ:AVR - Free Report) by 59.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,678,063 shares of the company's stock after acquiring an additional 625,095 shares during the period. Anteris Technologies Global makes up 1.1% of ADAR1 Capital Management LLC's portfolio, making the stock its 23rd largest holding. ADAR1 Capital Management LLC owned approximately 4.65% of Anteris Technologies Global worth $6,108,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in AVR. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Anteris Technologies Global during the fourth quarter valued at about $33,000. Corebridge Financial Inc. bought a new stake in Anteris Technologies Global in the 1st quarter worth approximately $27,000. Deutsche Bank AG bought a new position in shares of Anteris Technologies Global during the 1st quarter valued at approximately $59,000. Nuveen LLC purchased a new position in shares of Anteris Technologies Global in the first quarter valued at $71,000. Finally, Persistent Asset Partners Ltd bought a new stake in Anteris Technologies Global in the first quarter worth $85,000.

Anteris Technologies Global Stock Performance

Shares of Anteris Technologies Global stock traded up $0.17 during trading hours on Friday, reaching $4.16. The company's stock had a trading volume of 80,321 shares, compared to its average volume of 88,831. Anteris Technologies Global Corp. has a one year low of $2.34 and a one year high of $8.79. The firm has a 50 day moving average price of $3.57 and a 200-day moving average price of $4.35.

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

Anteris Technologies Global Profile

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.