L1 Capital Pty Ltd Sells 14,581 Shares of Anteris Technologies Global (NASDAQ:AVR) Stock

Key Points

• L1 Capital sold 14,581 Anteris Technologies Global shares for approximately $120,002, reducing its holding by 0.26% to 5.61 million shares. The sale follows several larger disposals in late July and early August.
• Anteris shares opened at $8.05, with a market capitalization of about $783.6 million. The company recently missed quarterly earnings and revenue estimates, reporting a loss of $0.28 per share on $0.49 million in revenue.
• Analyst sentiment remains mixed but leans positive: four analysts rate the stock Buy and one rates it Sell, producing a “Moderate Buy” consensus and an average price target of $16, versus the current price near $8.

Anteris Technologies Global Corp. (NASDAQ:AVR - Get Free Report) major shareholder L1 Capital Pty Ltd sold 14,581 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $8.23, for a total transaction of $120,001.63. Following the transaction, the insider owned 5,613,721 shares in the company, valued at $46,200,923.83. This represents a 0.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

L1 Capital Pty Ltd also recently made the following trade(s):

• On Monday, August 3rd, L1 Capital Pty Ltd sold 475,693 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.10, for a total transaction of $3,853,113.30.
• On Friday, July 31st, L1 Capital Pty Ltd sold 48,711 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.15, for a total value of $396,994.65.
• On Wednesday, July 29th, L1 Capital Pty Ltd sold 155,505 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.04, for a total transaction of $1,250,260.20.
• On Thursday, July 30th, L1 Capital Pty Ltd sold 558,633 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.20, for a total value of $4,580,790.60.
• On Monday, July 27th, L1 Capital Pty Ltd sold 232,817 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.19, for a total transaction of $1,906,771.23.
• On Tuesday, July 28th, L1 Capital Pty Ltd sold 208,731 shares of Anteris Technologies Global stock. The shares were sold at an average price of $8.09, for a total transaction of $1,688,633.79.
• On Friday, July 24th, L1 Capital Pty Ltd sold 23,000 shares of Anteris Technologies Global stock. The stock was sold at an average price of $8.13, for a total value of $186,990.00.

Anteris Technologies Global Stock Performance

Shares of AVR opened at $8.05 on Thursday. The stock has a market capitalization of $783.59 million, a price-to-earnings ratio of -3.61 and a beta of 1.78. Anteris Technologies Global Corp. has a 52-week low of $3.17 and a 52-week high of $11.06. The stock's 50-day simple moving average is $9.16 and its 200 day simple moving average is $7.24.

Anteris Technologies Global (NASDAQ:AVR - Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.01). The firm had revenue of $0.49 million for the quarter, compared to the consensus estimate of $0.77 million. Anteris Technologies Global had a negative return on equity of 124.76% and a negative net margin of 5,148.78%.During the same period last year, the company posted ($0.61) EPS. On average, research analysts forecast that Anteris Technologies Global Corp. will post -1.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. L1 Capital Pty Ltd lifted its position in shares of Anteris Technologies Global by 143.2% in the 3rd quarter. L1 Capital Pty Ltd now owns 6,838,136 shares of the company's stock worth $30,772,000 after purchasing an additional 4,026,136 shares during the period. ADAR1 Capital Management LLC increased its position in shares of Anteris Technologies Global by 205.9% during the first quarter. ADAR1 Capital Management LLC now owns 3,789,132 shares of the company's stock valued at $21,030,000 after buying an additional 2,550,355 shares during the period. Perceptive Advisors LLC increased its position in shares of Anteris Technologies Global by 104.4% during the first quarter. Perceptive Advisors LLC now owns 3,425,476 shares of the company's stock valued at $19,011,000 after buying an additional 1,750,000 shares during the period. JPMorgan Chase & Co. raised its stake in Anteris Technologies Global by 9,958.6% in the second quarter. JPMorgan Chase & Co. now owns 1,068,328 shares of the company's stock worth $4,049,000 after buying an additional 1,057,707 shares in the last quarter. Finally, Militia Capital Management LLC purchased a new stake in Anteris Technologies Global in the first quarter worth about $3,663,000.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wall Street Zen upgraded Anteris Technologies Global from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Weiss Ratings reissued a "sell (d-)" rating on shares of Anteris Technologies Global in a research note on Friday, May 29th. Finally, Barclays boosted their price objective on shares of Anteris Technologies Global from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $16.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source