Andersen Group (NYSE:ANDG) Releases Earnings Results, Beats Estimates By $0.15 EPS

Andersen Group (NYSE:ANDG) announced its earnings results on Tuesday. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.15, Zacks reports.

Andersen Group Trading Up 6.2%

Shares of ANDG stock opened at $24.82 on Wednesday. Andersen Group has a 1-year low of $18.12 and a 1-year high of $27.51. The company’s fifty day simple moving average is $22.38.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Truist Financial upgraded Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Wells Fargo & Company raised shares of Andersen Group to a “hold” rating in a research note on Monday, January 12th. Robert W. Baird upgraded shares of Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. William Blair raised shares of Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Finally, UBS Group upgraded shares of Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Four investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Andersen Group has an average rating of “Buy”.

Institutional Investors Weigh In On Andersen Group

A number of institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in Andersen Group during the 4th quarter valued at about $45,987,000. J. Goldman & Co LP purchased a new stake in shares of Andersen Group in the fourth quarter worth approximately $30,079,000. Franklin Resources Inc. acquired a new stake in shares of Andersen Group during the fourth quarter worth approximately $25,864,000. Bamco Inc. NY purchased a new position in Andersen Group during the fourth quarter valued at approximately $12,965,000. Finally, ArrowMark Colorado Holdings LLC purchased a new position in Andersen Group during the fourth quarter valued at approximately $11,668,000.

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.