L1 Capital Pty Ltd Increases Position in Anteris Technologies Global Corp. $AVR

Key Points

• L1 Capital Pty Ltd increased its stake in Anteris Technologies Global Corp. by 146.9% in the first quarter, owning nearly 6.9 million shares valued at approximately $25 million.
• Other institutional investors, including Affinity Asset Advisors LLC and Corebridge Financial Inc., also raised their holdings, indicating growing interest in the company.
• Anteris Technologies Global Corp. reported earnings of ($0.58) per share for the last quarter, missing expectations, while the firm has a 1-year price range between $2.34 and $8.79.

L1 Capital Pty Ltd increased its position in Anteris Technologies Global Corp. (NASDAQ:AVR - Free Report) by 146.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,886,480 shares of the company's stock after acquiring an additional 4,097,797 shares during the period. Anteris Technologies Global makes up about 2.3% of L1 Capital Pty Ltd's portfolio, making the stock its 13th biggest holding. L1 Capital Pty Ltd owned about 19.10% of Anteris Technologies Global worth $25,067,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AVR. Boothbay Fund Management LLC acquired a new stake in shares of Anteris Technologies Global during the 4th quarter valued at about $176,000. Alyeska Investment Group L.P. purchased a new stake in shares of Anteris Technologies Global during the 4th quarter valued at approximately $3,069,000. Citadel Advisors LLC purchased a new stake in shares of Anteris Technologies Global during the 4th quarter valued at approximately $1,160,000. Cantor Fitzgerald L. P. acquired a new stake in Anteris Technologies Global in the 4th quarter valued at approximately $227,000. Finally, Ensign Peak Advisors Inc acquired a new stake in Anteris Technologies Global in the 4th quarter valued at approximately $5,801,000.

Anteris Technologies Global Stock Performance

Shares of NASDAQ:AVR traded up $0.17 during trading on Friday, hitting $4.16. The company's stock had a trading volume of 80,321 shares, compared to its average volume of 88,831. The business has a 50 day moving average price of $3.57 and a two-hundred day moving average price of $4.37. Anteris Technologies Global Corp. has a fifty-two week low of $2.34 and a fifty-two week high of $8.79.

Anteris Technologies Global (NASDAQ:AVR - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported ($0.58) EPS for the quarter, missing analysts' consensus estimates of ($0.53) by ($0.05). The company had revenue of $0.62 million for the quarter, compared to analysts' expectations of $0.58 million. As a group, equities analysts anticipate that Anteris Technologies Global Corp. will post -2.66 earnings per share for the current fiscal year.

Anteris Technologies Global Company 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.