BlackRock Inc. Acquires Shares of 5,771,213 Anteris Technologies Global Corp. $AVR

Key Points

• BlackRock acquired 5.77 million shares of Anteris Technologies Global in the second quarter, worth approximately $56.8 million and representing a 5.93% stake.
• Insider selling remains notable: major shareholder L1 Capital sold 558,633 shares, while insiders have sold approximately 3.0 million shares worth $25.2 million over the past 90 days.
• Anteris missed quarterly expectations, reporting a loss of $0.30 per share versus the expected $0.21 loss and revenue of $1.01 million versus estimates of $1.50 million. Despite the weak results, analysts maintain a “Moderate Buy” consensus with a $16 price target.

BlackRock Inc. bought 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 filing with the Securities and Exchange Commission (SEC). The fund bought 5,771,213 shares of the company's stock, valued at approximately $56,846,000. BlackRock Inc. owned approximately 5.93% of Anteris Technologies Global at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AVR. Russell Investments Group Ltd. increased its holdings in shares of 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Anteris Technologies Global during the 1st quarter worth approximately $32,000. BNP Paribas Financial Markets boosted 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 acquiring an additional 4,302 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Anteris Technologies Global by 35.7% in the 3rd quarter. Bank of America Corp DE now owns 10,631 shares of the company's stock valued at $48,000 after purchasing an additional 2,798 shares during the period. Finally, Duncan Williams Asset Management LLC acquired a new stake in shares of Anteris Technologies Global in the fourth quarter valued at approximately $54,000.

Insider Activity at Anteris Technologies Global

In related news, major shareholder L1 Capital Pty Ltd sold 558,633 shares of the firm's stock in a transaction on 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 completion of the sale, the insider directly owned 6,633,314 shares of the company's stock, valued at approximately $54,393,174.80. This trade represents a 7.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 3,000,659 shares of company stock worth $25,174,702 over the last 90 days. Insiders own 4.50% of the company's stock.

Anteris Technologies Global Stock Down 1.5%

AVR stock opened at $8.61 on Tuesday. Anteris Technologies Global Corp. has a 52 week low of $3.30 and a 52 week high of $11.06. The company has a market cap of $839.13 million, a price-to-earnings ratio of -4.42 and a beta of 1.79. The business has a fifty day simple moving average of $9.05 and a 200-day simple moving average of $7.64.

Anteris Technologies Global (NASDAQ:AVR - Get Free Report) last released its quarterly earnings data 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 business 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 earned ($0.58) EPS. As a group, analysts expect that Anteris Technologies Global Corp. will post -1.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AVR has been the subject of several analyst reports. Cantor Fitzgerald restated an "overweight" rating and set a $15.00 price target on shares of Anteris Technologies Global in a research note on Friday, August 14th. 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 report on Saturday, May 16th. Finally, Barclays raised their price objective 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. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

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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