Andersen Group (NYSE:ANDG) Raised to Hold at BMO Capital Markets

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

Several other equities research analysts also recently issued reports on ANDG. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Andersen Group in a research report on Thursday, August 27th. UBS Group boosted their price objective on Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Robert W. Baird increased their target price on Andersen Group from $57.00 to $64.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Morgan Stanley raised their target price on Andersen Group from $27.00 to $54.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $56.00 price target on shares of Andersen Group in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.00.

Andersen Group Trading Down 4.1%

Shares of ANDG stock opened at $53.97 on Tuesday. Andersen Group has a 12 month low of $18.12 and a 12 month high of $57.62. The company has a market cap of $6.10 billion and a PE ratio of -101.83. 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’s 50 day moving average is $47.26 and its two-hundred day moving average is $37.29.

Andersen Group (NYSE:ANDG) last announced its earnings results on Wednesday, August 12th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.07. The firm had revenue of $217.66 million during the quarter. Equities analysts predict that Andersen Group will post 0.73 EPS for the current year.

Insider Activity

In other news, major shareholder Durable Capital Partners Lp sold 336,736 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 1,333,749 shares of the company’s stock, valued at approximately $53,363,297.49. This represents a 20.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.00% of the company’s stock.

Institutional Investors Weigh In On Andersen Group

A number of institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN bought a new position in Andersen Group during the fourth quarter valued at about $46,000. PNC Financial Services Group Inc. acquired a new position in Andersen Group in the 4th quarter valued at approximately $215,000. Barclays PLC bought a new stake in shares of Andersen Group in the 4th quarter worth approximately $218,000. Voloridge Investment Management LLC bought a new stake in shares of Andersen Group in the 4th quarter worth approximately $259,000. Finally, XTX Topco Ltd acquired a new stake in shares of Andersen Group during the 4th quarter worth approximately $269,000.

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.