Andersen Group (NYSE:ANDG) Shares Up 5.6% – What’s Next?

Andersen Group Inc. (NYSE:ANDG) shares were up 5.6% during trading on Tuesday . The stock traded as high as $35.88 and last traded at $35.7750. Approximately 108,355 shares changed hands during trading, a decline of 67% from the average daily volume of 328,351 shares. The stock had previously closed at $33.87.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Robert W. Baird raised their price objective on Andersen Group from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 18th. Weiss Ratings began coverage on Andersen Group in a research note on Monday, April 6th. They issued a “sell (e)” rating for the company. UBS Group raised their price target on Andersen Group from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Zacks Research upgraded Andersen Group to a “hold” rating in a research note on Tuesday, January 13th. Finally, Morgan Stanley upped their price objective on shares of Andersen Group from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Wednesday, March 18th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.33.

Andersen Group Trading Up 3.9%

The company’s fifty day simple moving average is $27.89.

Andersen Group (NYSE:ANDG) last issued its earnings results on Tuesday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.15. The firm had revenue of $170.35 million during the quarter, compared to analysts’ expectations of $152.64 million. As a group, analysts anticipate that Andersen Group Inc. will post 0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Andersen Group

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

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.