Anteris Technologies Global (NASDAQ:AVR) Posts Earnings Results

Anteris Technologies Global (NASDAQ:AVR) posted its quarterly earnings data on Thursday. The company reported ($0.75) earnings per share for the quarter, FiscalAI reports. Anteris Technologies Global had a negative net margin of 3,944.93% and a negative return on equity of 252.71%. The company had revenue of $0.31 million for the quarter.

Anteris Technologies Global Stock Performance

AVR traded up $0.07 during midday trading on Thursday, hitting $6.34. 648,637 shares of the company traded hands, compared to its average volume of 1,370,696. The company’s 50-day moving average is $5.50 and its 200 day moving average is $4.80. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $261.20 million, a PE ratio of -3.50 and a beta of 1.30. Anteris Technologies Global has a 52 week low of $2.34 and a 52 week high of $8.36.

Analyst Upgrades and Downgrades

AVR has been the topic of a number of recent research reports. Lake Street Capital reiterated a “buy” rating and set a $15.00 price target on shares of Anteris Technologies Global in a research report on Friday, January 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Anteris Technologies Global in a research report on Monday, December 29th. One equities research analyst has 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 “Hold” and an average price target of $15.00.

Insider Buying and Selling at Anteris Technologies Global

In related news, major shareholder L1 Capital Pty Ltd acquired 5,000,000 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The stock was purchased at an average cost of $5.75 per share, with a total value of $28,750,000.00. Following the completion of the acquisition, the insider directly owned 13,219,814 shares of the company’s stock, valued at approximately $76,013,930.50. This trade represents a 60.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. increased 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 worth $29,000 after acquiring an additional 2,841 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Anteris Technologies Global during the 1st quarter valued at approximately $32,000. BNP Paribas Financial Markets raised its position in shares of Anteris Technologies Global by 83.3% during the third quarter. BNP Paribas Financial Markets now owns 9,469 shares of the company’s stock valued at $43,000 after buying an additional 4,302 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Anteris Technologies Global by 35.7% in the third quarter. Bank of America Corp DE now owns 10,631 shares of the company’s stock worth $48,000 after buying an additional 2,798 shares in the last quarter. Finally, Duncan Williams Asset Management LLC bought a new position in shares of Anteris Technologies Global during the fourth quarter worth $54,000.

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.