Andersen Group (NYSE:ANDG) Reaches New 12-Month High – Still a Buy?

Shares of Andersen Group Inc. (NYSE:ANDG) hit a new 52-week high on Monday. The stock traded as high as $60.21 and last traded at $59.5750, with a volume of 78,329 shares changing hands. The stock had previously closed at $58.27.

Analyst Ratings Changes

Several equities research analysts have commented on ANDG shares. Wells Fargo & Company upped their price objective on Andersen Group from $38.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Truist Financial raised their price objective on shares of Andersen Group from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, September 25th. BMO Capital Markets assumed coverage on shares of Andersen Group in a report on Tuesday, September 8th. They set a “market perform” rating and a $58.00 price target on the stock. Weiss Ratings upgraded shares of Andersen Group from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, September 24th. Finally, Robert W. Baird lifted their price objective 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 investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Andersen Group has a consensus rating of “Moderate Buy” and a consensus price target of $56.14.

Andersen Group Stock Up 3.4%

The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 7.82. The business has a fifty day moving average of $54.40 and a two-hundred day moving average of $43.87.

Andersen Group (NYSE:ANDG) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.07. The business had revenue of $217.66 million during the quarter. As a group, equities research analysts expect that Andersen Group Inc. will post 0.73 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ANDG. GAMMA Investing LLC lifted its holdings in Andersen Group by 353.9% during the third quarter. GAMMA Investing LLC now owns 1,498 shares of the company’s stock valued at $81,000 after purchasing an additional 1,168 shares in the last quarter. Bank of America Corp DE grew its position in shares of Andersen Group by 512.0% in the first quarter. Bank of America Corp DE now owns 12,852 shares of the company’s stock valued at $350,000 after purchasing an additional 10,752 shares during the period. Corient Private Wealth LLC acquired a new stake in shares of Andersen Group in the fourth quarter valued at about $357,000. Squarepoint Ops LLC purchased a new stake in shares of Andersen Group during the second quarter worth about $592,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Andersen Group by 47.0% during the first quarter. Bank of New York Mellon Corp now owns 18,636 shares of the company’s stock worth $507,000 after purchasing an additional 5,962 shares in the last quarter.

About Andersen Group

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.