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

Andersen Group (NYSE:ANDG) was upgraded by research analysts at BMO Capital Markets to a “hold” rating in a research note issued on Tuesday, Zacks reports.

Other research analysts have also issued research reports about the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Andersen Group in a research note on Thursday, August 27th. Morgan Stanley lifted their target price on shares of Andersen Group from $27.00 to $54.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Wells Fargo & Company boosted their price target on shares of Andersen Group from $38.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Truist Financial upped their price target on shares of Andersen Group from $42.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $56.00 price objective on shares of Andersen Group in a report on Friday, August 14th. 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 given a Sell rating to the company. According to data from MarketBeat.com, Andersen Group has an average rating of “Moderate Buy” and an average target price of $54.00.

Andersen Group Trading Down 4.1%

Shares of NYSE ANDG opened at $53.97 on Tuesday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 7.82. Andersen Group has a one year low of $18.12 and a one year high of $57.62. The business has a 50-day moving average price of $47.26 and a two-hundred day moving average price of $37.29. The firm has a market capitalization of $6.10 billion and a PE ratio of -101.83.

Andersen Group (NYSE:ANDG) last issued its earnings results on Wednesday, August 12th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. The business had revenue of $217.66 million during the quarter. As a group, analysts predict that Andersen Group will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Durable Capital Partners Lp sold 336,736 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $40.01, for a total transaction of $13,472,807.36. Following the transaction, the insider 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN acquired a new stake in shares of Andersen Group in the 4th quarter valued at $46,000. PNC Financial Services Group Inc. bought a new stake in Andersen Group in the fourth quarter worth $215,000. Barclays PLC acquired a new position in Andersen Group during the fourth quarter worth $218,000. Voloridge Investment Management LLC acquired a new position in Andersen Group during the fourth quarter worth $259,000. Finally, XTX Topco Ltd bought a new position in Andersen Group during the fourth quarter valued at about $269,000.

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.