Telemark Asset Management LLC Purchases Shares of 100,000 Andersen Group Inc. $ANDG

Telemark Asset Management LLC purchased a new stake in shares of Andersen Group Inc. (NYSE:ANDG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 100,000 shares of the company’s stock, valued at approximately $2,593,000. Telemark Asset Management LLC owned 0.09% of Andersen Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new position in shares of Andersen Group during the fourth quarter valued at about $215,000. Teacher Retirement System of Texas bought a new position in Andersen Group in the fourth quarter worth about $4,278,000. Goldman Sachs Group Inc. bought a new position in Andersen Group in the fourth quarter worth about $10,420,000. Seven Grand Managers LLC bought a new position in Andersen Group in the fourth quarter worth about $12,965,000. Finally, Royce & Associates LP bought a new position in Andersen Group in the fourth quarter worth about $19,948,000.

Andersen Group Stock Performance

Shares of ANDG stock opened at $38.64 on Friday. Andersen Group Inc. has a 12-month low of $18.12 and a 12-month high of $40.23. The stock has a 50 day moving average of $33.97.

Andersen Group (NYSE:ANDG) last issued its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The company had revenue of $240.75 million for the quarter. Andersen Group’s revenue was up 15.7% on a year-over-year basis. As a group, equities analysts predict that Andersen Group Inc. will post 0.73 EPS for the current year.

Insider Transactions at Andersen Group

In other Andersen Group news, Director Robert V. Gunderson, Jr. purchased 2,367 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average cost of $35.82 per share, for a total transaction of $84,785.94. Following the completion of the transaction, the director owned 15,000 shares of the company’s stock, valued at approximately $537,300. The trade was a 18.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ANDG shares. Truist Financial increased their price target on shares of Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings raised shares of Andersen Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. Wells Fargo & Company increased their price target on shares of Andersen Group from $25.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $41.00 price target on shares of Andersen Group in a research note on Wednesday, May 13th. Finally, UBS Group increased their price target on shares of Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Andersen Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

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.