Telemark Asset Management LLC Makes New Investment in Andersen Group Inc. $ANDG

Telemark Asset Management LLC purchased a new position in Andersen Group Inc. (NYSE:ANDG) during the 4th quarter, Holdings Channel reports. The fund purchased 100,000 shares of the company’s stock, valued at approximately $2,593,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new stake in shares of Andersen Group during the 4th quarter valued at $10,420,000. Seven Grand Managers LLC bought a new stake in shares of Andersen Group during the 4th quarter valued at $12,965,000. Royce & Associates LP bought a new stake in shares of Andersen Group during the 4th quarter valued at $19,948,000. PNC Financial Services Group Inc. bought a new stake in shares of Andersen Group during the 4th quarter valued at $215,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Andersen Group during the 4th quarter valued at $4,278,000.

Insider Activity at Andersen Group

In other Andersen Group news, Director Robert V. Gunderson, Jr. purchased 2,367 shares of Andersen Group stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average price of $35.82 per share, for a total transaction of $84,785.94. Following the acquisition, the director owned 15,000 shares in the company, valued at $537,300. This trade represents a 18.74% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Andersen Group Price Performance

ANDG stock opened at $38.64 on Friday. Andersen Group Inc. has a 12 month low of $18.12 and a 12 month high of $40.23. The business’s 50-day moving average price is $33.97.

Andersen Group (NYSE:ANDG) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $240.75 million for the quarter. Andersen Group’s revenue was up 15.7% compared to the same quarter last year. As a group, research analysts expect that Andersen Group Inc. will post 0.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ANDG shares. Morgan Stanley lifted their price target on shares of Andersen Group from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Truist Financial lifted their price target on shares of Andersen Group from $32.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $41.00 price target on shares of Andersen Group in a report on Wednesday, May 13th. UBS Group lifted their price target on shares of Andersen Group from $34.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Finally, Wells Fargo & Company lifted their price target on shares of Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $39.00.

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.