Assenagon Asset Management S.A. Invests $6.35 Million in Anteris Technologies Global Corp. $AVR

Key Points

• Assenagon Asset Management acquired 644,668 shares of Anteris Technologies Global, worth approximately $6.35 million, giving it a 0.66% stake.
• Major shareholder L1 Capital sold 558,633 shares at an average price of $8.20; insiders have sold 2.37 million shares worth $19.39 million over the past 90 days.
• Analysts hold a “Moderate Buy” consensus with a $16 price target, but Anteris recently missed earnings and revenue estimates, reporting a $0.30 quarterly loss per share and $1.01 million in revenue.

Assenagon Asset Management S.A. bought a new stake in Anteris Technologies Global Corp. (NASDAQ:AVR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 644,668 shares of the company's stock, valued at approximately $6,350,000. Assenagon Asset Management S.A. owned about 0.66% of Anteris Technologies Global at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AVR. 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 position in Anteris Technologies Global in the first quarter valued at about $32,000. BNP Paribas Financial Markets raised its stake in Anteris Technologies Global by 83.3% in the third quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company's stock valued at $43,000 after purchasing an additional 4,302 shares in the last quarter. Bank of America Corp DE lifted its position in Anteris Technologies Global by 35.7% during 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 acquired a new stake in Anteris Technologies Global during the fourth quarter worth about $54,000.

Insider Buying and Selling

In related news, major shareholder L1 Capital Pty Ltd sold 558,633 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $8.20, for a total value of $4,580,790.60. Following the completion of the transaction, the insider owned 6,633,314 shares of the company's stock, valued at $54,393,174.80. This represents a 7.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 2,373,000 shares of company stock valued at $19,387,842. 4.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AVR has been the topic of several recent analyst reports. Wall Street Zen raised shares of Anteris Technologies Global from a "sell" rating to a "hold" rating in a report on Saturday, May 16th. Barclays increased their price target 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. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Anteris Technologies Global in a research note on Friday, May 29th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Anteris Technologies Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

Anteris Technologies Global Trading Up 2.3%

Shares of NASDAQ AVR opened at $9.17 on Wednesday. The company has a market cap of $892.61 million, a price-to-earnings ratio of -4.11 and a beta of 1.78. Anteris Technologies Global Corp. has a 12 month low of $3.17 and a 12 month high of $11.06. The stock has a 50-day moving average price of $9.15 and a two-hundred day moving average price of $7.33.

Anteris Technologies Global (NASDAQ:AVR - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.09). Anteris Technologies Global had a negative return on equity of 124.76% and a negative net margin of 5,148.78%.The company had revenue of $1.01 million during the quarter, compared to the consensus estimate of $1.50 million. On average, sell-side analysts predict that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current 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.

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