Andersen Group (NYSE:ANDG) Hits New 12-Month Low – Should You Sell?

Andersen Group Inc. (NYSE:ANDG)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $19.24 and last traded at $19.34, with a volume of 156404 shares. The stock had previously closed at $20.38.

Analysts Set New Price Targets

ANDG has been the subject of a number of research reports. Wells Fargo & Company raised shares of Andersen Group to a “hold” rating in a report on Monday, January 12th. William Blair raised Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. UBS Group upgraded Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Zacks Research upgraded Andersen Group to a “hold” rating in a research report on Tuesday, January 13th. Finally, Robert W. Baird raised shares of Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Four investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Andersen Group Stock Down 10.6%

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. purchased a new stake in shares of Andersen Group during the fourth quarter worth about $215,000. Telemark Asset Management LLC acquired a new position in shares of Andersen Group in the 4th quarter valued at about $2,593,000. Teacher Retirement System of Texas acquired a new stake in Andersen Group during the fourth quarter worth about $4,278,000. Goldman Sachs Group Inc. purchased a new position in Andersen Group during the fourth quarter valued at approximately $10,420,000. Finally, Seven Grand Managers LLC acquired a new position in Andersen Group in the fourth quarter valued at approximately $12,965,000.

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.