L1 Capital Pty Ltd Sells 232,817 Shares of Anteris Technologies Global (NASDAQ:AVR) Stock

Anteris Technologies Global Corp. (NASDAQ:AVR) major shareholder L1 Capital Pty Ltd sold 232,817 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $8.19, for a total transaction of $1,906,771.23. Following the completion of the sale, the insider owned 7,556,183 shares of the company’s stock, valued at $61,885,138.77. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Tuesday, July 28th, L1 Capital Pty Ltd sold 208,731 shares of Anteris Technologies Global stock. The stock was 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 transaction of $186,990.00.

Anteris Technologies Global Price Performance

Shares of NASDAQ:AVR opened at $8.17 on Wednesday. The firm has a market capitalization of $795.28 million, a PE ratio of -3.66 and a beta of 1.65. The business has a 50 day simple moving average of $9.28 and a two-hundred day simple moving average of $7.09. Anteris Technologies Global Corp. has a 1 year low of $2.99 and a 1 year high of $11.06.

Anteris Technologies Global (NASDAQ:AVR) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.01). Anteris Technologies Global had a negative return on equity of 124.76% and a negative net margin of 5,148.78%.The business had revenue of $0.49 million during the quarter, compared to analysts’ expectations of $0.77 million. During the same quarter in the previous year, the company posted ($0.61) earnings per share. Equities research analysts expect that Anteris Technologies Global Corp. will post -1.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AVR shares. Barclays lifted their price target on shares of Anteris Technologies Global from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Anteris Technologies Global in a report on Friday, May 29th. Finally, Wall Street Zen upgraded Anteris Technologies Global from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Institutional Trading of Anteris Technologies Global

A number of institutional investors have recently bought and sold shares of AVR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Anteris Technologies Global during the 1st quarter worth approximately $32,000. Geode Capital Management LLC grew its stake in Anteris Technologies Global by 154.3% during the 2nd quarter. Geode Capital Management LLC now owns 420,427 shares of the company’s stock valued at $1,593,000 after purchasing an additional 255,088 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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 valued at $4,049,000 after purchasing an additional 1,057,707 shares during the period. Nantahala Capital Management LLC raised its stake in shares of Anteris Technologies Global by 1.8% in the second quarter. Nantahala Capital Management LLC now owns 1,693,666 shares of the company’s stock worth $6,419,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Anteris Technologies Global by 85.1% during the third quarter. Vanguard Group Inc. now owns 745,560 shares of the company’s stock worth $3,355,000 after purchasing an additional 342,711 shares during the period.

Key Anteris Technologies Global News

Here are the key news stories impacting Anteris Technologies Global this week:

• Positive Sentiment: L1 Capital reportedly purchased 5 million AVR shares for approximately $28.75 million, indicating continued substantial long-term interest in Anteris despite subsequent sales. L1 Capital boosts stake in Anteris Technologies
• Neutral Sentiment: Analyst sentiment remains broadly constructive, with four Buy ratings and one Sell rating and an average price target of $16. However, those ratings and targets largely reflect earlier research and may not explain the latest trading activity.
• Negative Sentiment: L1 Capital sold 232,817 AVR shares on July 27 for about $1.91 million and another 208,731 shares on July 28 for approximately $1.69 million. Combined with a 23,000-share sale on July 24, the disclosed transactions represent roughly 464,548 shares sold for $3.78 million. L1 Capital’s reported holdings declined from 7.789 million shares to 7.347 million shares across the filings, a potentially bearish signal for investors. SEC insider transaction filing
• Negative Sentiment: Anteris remains unprofitable. Its latest quarterly loss was $0.28 per share versus a $0.27 consensus loss, while revenue of $0.49 million missed the $0.77 million estimate. Analysts expect a full-year loss of approximately $1.14 per share, leaving the stock dependent on progress in its heart-device business and future financing or commercialization milestones.

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.