Seven Grand Managers LLC Acquires Shares of 500,000 Andersen Group Inc. $ANDG

Seven Grand Managers LLC purchased a new position in shares of Andersen Group Inc. (NYSE:ANDG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 500,000 shares of the company’s stock, valued at approximately $12,965,000.

Several other institutional investors have also modified their holdings of the stock. Royce & Associates LP purchased a new position in shares of Andersen Group during the 4th quarter worth $19,948,000. Teacher Retirement System of Texas purchased a new position in shares of Andersen Group during the 4th quarter worth $4,278,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of Andersen Group during the 4th quarter worth $215,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ANDG. Morgan Stanley lifted their price target on Andersen Group from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Truist Financial lifted their price target on Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Robert W. Baird lifted their price target on Andersen Group from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. UBS Group lifted their price target on Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Weiss Ratings initiated coverage on Andersen Group in a research report on Monday, April 6th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Andersen Group Price Performance

Shares of NYSE:ANDG opened at $37.50 on Thursday. The business’s 50-day simple moving average is $32.43. Andersen Group Inc. has a 12-month low of $18.12 and a 12-month high of $40.11.

Andersen Group (NYSE:ANDG) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The company had revenue of $240.75 million during the quarter. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, sell-side analysts forecast that Andersen Group Inc. will post 0.23 EPS for the current year.

Insider Activity

In other Andersen Group news, Director Robert V. Gunderson, Jr. acquired 2,367 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of $35.82 per share, with a total value of $84,785.94. Following the transaction, the director owned 15,000 shares of the company’s stock, valued at $537,300. This trade represents a 18.74% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Andersen Group Company Profile

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.