Andersen Group (NYSE:ANDG) Trading Up 4.1% – Time to Buy?

Andersen Group Inc. (NYSE:ANDGGet Free Report) shot up 4.1% during mid-day trading on Friday . The company traded as high as $23.00 and last traded at $22.28. 47,554 shares traded hands during trading, a decline of 85% from the average session volume of 325,308 shares. The stock had previously closed at $21.40.

Wall Street Analysts Forecast Growth

ANDG has been the topic of several research analyst 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 report on Monday, January 12th. UBS Group upgraded Andersen Group to a “strong-buy” rating in a research note 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 assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Get Our Latest Stock Report on Andersen Group

Andersen Group Trading Up 4.6%

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Andersen Group stock. Teacher Retirement System of Texas acquired a new position in shares of Andersen Group Inc. (NYSE:ANDGFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 165,000 shares of the company’s stock, valued at approximately $4,278,000. Teacher Retirement System of Texas owned approximately 0.15% of Andersen Group at the end of the most recent reporting period.

Andersen Group Company Profile

(Get Free Report)

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.

Further Reading

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