Andersen Group (NYSE:ANDG) Upgraded by BMO Capital Markets to “Hold” Rating

BMO Capital Markets upgraded shares of Andersen Group (NYSE:ANDG) to a hold rating in a research report report published on Tuesday,Zacks reports.

A number of other equities research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $56.00 price target on shares of Andersen Group in a research report on Friday, August 14th. UBS Group lifted their price objective on Andersen Group from $34.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Morgan Stanley raised their price target on Andersen Group from $27.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Truist Financial upped their price objective on shares of Andersen Group from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, Robert W. Baird raised their target price on shares of Andersen Group from $57.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

Andersen Group Stock Performance

ANDG opened at $53.97 on Tuesday. The company has a debt-to-equity ratio of 7.82, a current ratio of 2.19 and a quick ratio of 2.19. The business has a fifty day simple moving average of $47.26 and a 200 day simple moving average of $37.29. Andersen Group has a 1 year low of $18.12 and a 1 year high of $57.62. The company has a market capitalization of $6.10 billion and a PE ratio of -101.83.

Andersen Group (NYSE:ANDG) last posted its earnings results on Wednesday, August 12th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. The firm had revenue of $217.66 million for the quarter. Research analysts expect that Andersen Group will post 0.73 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Durable Capital Partners Lp sold 336,736 shares of Andersen Group stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $40.01, for a total transaction of $13,472,807.36. Following the sale, the insider directly owned 1,333,749 shares of the company’s stock, valued at approximately $53,363,297.49. This trade represents a 20.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 13.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in Andersen Group during the 1st quarter worth approximately $1,686,000. Sei Investments Co. increased its position in Andersen Group by 96.3% in the 1st quarter. Sei Investments Co. now owns 121,649 shares of the company’s stock valued at $3,309,000 after acquiring an additional 59,693 shares during the period. Seven Grand Managers LLC acquired a new position in Andersen Group in the 4th quarter valued at approximately $12,965,000. Royce & Associates LP bought a new position in shares of Andersen Group during the fourth quarter valued at $19,948,000. Finally, Telemark Asset Management LLC bought a new position in shares of Andersen Group during the fourth quarter valued at $2,593,000.

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.