Andersen Group (NYSE:ANDG) Announces Earnings Results

Andersen Group (NYSE:ANDG) announced its quarterly earnings results on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $240.75 million for the quarter.

Andersen Group Stock Performance

Shares of ANDG traded down $0.47 during midday trading on Tuesday, reaching $36.18. 515,843 shares of the stock were exchanged, compared to its average volume of 317,160. The firm has a 50-day simple moving average of $29.30. Andersen Group has a twelve month low of $18.12 and a twelve month high of $37.75.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ANDG shares. William Blair raised Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Wells Fargo & Company raised Andersen Group to a “hold” rating in a report on Monday, January 12th. Weiss Ratings started coverage on Andersen Group in a report on Monday, April 6th. They set a “sell (e)” rating for the company. Zacks Research raised Andersen Group to a “hold” rating in a report on Tuesday, January 13th. Finally, Truist Financial raised Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Andersen Group currently has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Institutional Trading of Andersen Group

A number of hedge funds and other institutional investors have recently made changes to their positions in ANDG. Teacher Retirement System of Texas acquired a new position in Andersen Group in the 4th quarter valued at about $4,278,000. PNC Financial Services Group Inc. acquired a new position in Andersen Group in the 4th quarter valued at about $215,000. Royce & Associates LP acquired a new position in Andersen Group in the 4th quarter valued at about $19,948,000. Seven Grand Managers LLC acquired a new position in Andersen Group in the 4th quarter valued at about $12,965,000. Finally, Goldman Sachs Group Inc. acquired a new position in Andersen Group in the 4th quarter valued at about $10,420,000.

About Andersen Group

Our mission is to deliver exceptional client service grounded in integrity, transparency, and excellence. Since our founding in 2002, we have experienced rapid and sustained growth, powered by our people, our values and our relentless commitment to innovative, client-focused solutions. Building on the rich traditions and culture of the former Arthur Andersen, we are driven by a bold vision to lead in a complex global marketplace, creating lasting value for our clients, our people and our investors.