62,000 Shares in Andersen Group Inc. $ANDG Bought by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new stake in shares of Andersen Group Inc. (NYSE:ANDG) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 62,000 shares of the company’s stock, valued at approximately $1,686,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in shares of Andersen Group during the fourth quarter valued at about $45,987,000. J. Goldman & Co LP purchased a new position in shares of Andersen Group in the 4th quarter worth approximately $30,079,000. Brown Advisory Inc. purchased a new position in shares of Andersen Group in the 4th quarter worth approximately $29,365,000. Franklin Resources Inc. bought a new position in shares of Andersen Group during the 4th quarter worth approximately $25,864,000. Finally, Royce & Associates LP bought a new position in shares of Andersen Group during the 4th quarter worth approximately $19,948,000.

Insiders Place Their Bets

In related news, Director Robert V. Gunderson, Jr. acquired 2,367 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average cost of $35.82 per share, with a total value of $84,785.94. Following the completion of the acquisition, the director directly owned 15,000 shares of the company’s stock, valued at $537,300. This represents a 18.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Durable Capital Partners Lp sold 336,736 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $40.01, for a total value of $13,472,807.36. Following the completion of the transaction, the insider directly owned 1,333,749 shares in the company, valued at approximately $53,363,297.49. The trade was a 20.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 13.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ANDG shares. Weiss Ratings upgraded shares of Andersen Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. Wells Fargo & Company upped their price target on Andersen Group from $25.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 13th. Morgan Stanley increased their price objective on Andersen Group from $24.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $41.00 target price on shares of Andersen Group in a research note on Wednesday, May 13th. Finally, Robert W. Baird increased their price target on Andersen Group from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Andersen Group currently has an average rating of “Moderate Buy” and an average price target of $39.00.

Andersen Group Stock Down 1.2%

NYSE:ANDG opened at $48.53 on Wednesday. The company has a market cap of $5.48 billion and a PE ratio of 285.49. Andersen Group Inc. has a twelve month low of $18.12 and a twelve month high of $50.48. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 9.72. The company’s 50 day moving average is $41.20 and its two-hundred day moving average is $32.95.

Andersen Group (NYSE:ANDG) last posted its quarterly earnings results 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 business had revenue of $240.75 million for the quarter. The firm’s revenue was up 15.7% compared to the same quarter last year. Analysts anticipate that Andersen Group Inc. will post 0.73 EPS for the current year.

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.