AWM Investment Company Inc. Makes New Investment in Anteris Technologies Global Corp. $AVR

Key Points

• AWM Investment Company purchased 115,000 Anteris Technologies Global shares worth approximately $1.13 million, representing a 0.12% stake. Several other institutional investors also initiated or increased positions during the first and second quarters.
• Analyst sentiment is generally positive, with four Buy ratings and one Sell rating producing a “Moderate Buy” consensus and an average price target of $16, well above the reported $8.89 share price.
• Anteris reported a quarterly loss of $0.30 per share, missing estimates by $0.09, while revenue of $1.01 million fell short of the $1.50 million consensus. Meanwhile, insiders have sold roughly 3.0 million shares worth $25.2 million over the past three months.

AWM Investment Company Inc. purchased a new position in shares of Anteris Technologies Global Corp. (NASDAQ:AVR - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 115,000 shares of the company's stock, valued at approximately $1,133,000. AWM Investment Company Inc. owned 0.12% of Anteris Technologies Global at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Perceptive Advisors LLC raised its stake in Anteris Technologies Global by 104.4% during the first quarter. Perceptive Advisors LLC now owns 3,425,476 shares of the company's stock worth $19,011,000 after acquiring an additional 1,750,000 shares in the last quarter. Militia Capital Management LLC bought a new position in shares of Anteris Technologies Global in the first quarter worth about $3,358,000. Avidity Partners Management LP bought a new position in shares of Anteris Technologies Global in the first quarter worth about $832,000. Assenagon Asset Management S.A. acquired a new stake in shares of Anteris Technologies Global in the 2nd quarter valued at approximately $6,350,000. Finally, SummitTX Capital L.P. acquired a new stake in shares of Anteris Technologies Global in the 1st quarter valued at approximately $1,326,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AVR shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Anteris Technologies Global in a research note on Friday, May 29th. Barclays boosted 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 note on Friday, May 15th. Wall Street Zen upgraded shares of Anteris Technologies Global from a "sell" rating to a "hold" rating in a report on Saturday, May 16th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $15.00 price target on shares of Anteris Technologies Global in a research note on Friday, August 14th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Anteris Technologies Global presently has an average rating of "Moderate Buy" and a consensus price target of $16.00.

Insiders Place Their Bets

In related news, major shareholder L1 Capital Pty Ltd sold 375,815 shares of Anteris Technologies Global stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $9.30, for a total transaction of $3,495,079.50. Following the completion of the transaction, the insider owned 4,811,341 shares of the company's stock, valued at $44,745,471.30. This trade represents a 7.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 3,000,659 shares of company stock worth $25,174,702. Corporate insiders own 4.50% of the company's stock.

Anteris Technologies Global Trading Up 1.0%

NASDAQ AVR opened at $8.89 on Wednesday. The business's 50-day moving average price is $9.12 and its two-hundred day moving average price is $7.55. Anteris Technologies Global Corp. has a 12 month low of $3.30 and a 12 month high of $11.06. The firm has a market capitalization of $866.42 million, a PE ratio of -4.56 and a beta of 1.78.

Anteris Technologies Global (NASDAQ:AVR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.09). Anteris Technologies Global had a negative net margin of 4,619.27% and a negative return on equity of 77.69%. The company had revenue of $1.01 million during the quarter, compared to analyst estimates of $1.50 million. During the same period in the previous year, the company posted ($0.58) EPS. As a group, analysts forecast that Anteris Technologies Global Corp. will post -1.21 earnings per share for the current fiscal 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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