Andersen Group Inc. (NYSE:ANDG) Stock Short Interest Report for September

Andersen Group Inc. (NYSE:ANDG) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 3,015,211 shares, a growth of 55.0% from the September 15th total of 1,945,580 shares. Based on an average daily trading volume, of 583,982 shares, the short-interest ratio is presently 5.2 days. Approximately 3.1% of the shares of the stock are sold short.

Andersen Group Price Performance

Shares of ANDG stock traded down $0.57 during mid-day trading on Friday, hitting $58.38. The company had a trading volume of 100,128 shares, compared to its average volume of 370,142. Andersen Group has a 52-week low of $18.12 and a 52-week high of $60.15. The stock’s 50 day moving average price is $53.79 and its 200-day moving average price is $43.20. The company has a debt-to-equity ratio of 7.82, a current ratio of 2.19 and a quick ratio of 2.19. The company has a market capitalization of $6.60 billion and a P/E ratio of -110.13.

Andersen Group (NYSE:ANDG) last posted its earnings results on Wednesday, August 12th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.07. The company had revenue of $217.66 million for the quarter. Equities research analysts forecast that Andersen Group will post 0.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in shares of Andersen Group by 353.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,498 shares of the company’s stock worth $81,000 after acquiring an additional 1,168 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Andersen Group in the 2nd quarter worth $592,000. Corient Private Wealth LP increased its holdings in shares of Andersen Group by 67.2% in the 2nd quarter. Corient Private Wealth LP now owns 23,005 shares of the company’s stock worth $868,000 after buying an additional 9,245 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Andersen Group by 512.0% in the 1st quarter. Bank of America Corp DE now owns 12,852 shares of the company’s stock worth $350,000 after buying an additional 10,752 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Andersen Group during the 1st quarter valued at about $1,686,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ANDG shares. Wells Fargo & Company raised their price target on Andersen Group from $38.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Weiss Ratings raised Andersen Group from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, September 24th. Robert W. Baird upped their price objective on Andersen Group from $57.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, August 31st. Morgan Stanley increased their target price on Andersen Group from $27.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $56.00 target price 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 issued a Sell rating to the stock. According to data from MarketBeat, Andersen Group has a consensus rating of “Moderate Buy” and a consensus target price of $56.14.

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.