Andersen Group (NYSE:ANDG) Sets New 12-Month Low – Here’s What Happened

Andersen Group Inc. (NYSE:ANDG) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $19.58 and last traded at $20.49, with a volume of 691951 shares trading hands. The stock had previously closed at $22.41.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ANDG. Zacks Research raised shares of Andersen Group to a “hold” rating in a research note on Tuesday, January 13th. Wells Fargo & Company raised shares of Andersen Group to a “hold” rating in a research report on Monday, January 12th. UBS Group raised shares of Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Truist Financial raised Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Robert W. Baird upgraded Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Four research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Andersen Group Stock Down 8.7%

Hedge Funds Weigh In On Andersen Group

A hedge fund recently bought a new stake in Andersen Group stock. Teacher Retirement System of Texas acquired a new stake in Andersen Group Inc. (NYSE:ANDG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm 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.

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.