Andersen Group (NYSE:ANDG) Trading 7.9% Higher – Still a Buy?

Andersen Group Inc. (NYSE:ANDG)’s stock price rose 7.9% during trading on Friday . The stock traded as high as $21.29 and last traded at $20.80. Approximately 94,184 shares were traded during trading, a decline of 74% from the average daily volume of 359,534 shares. The stock had previously closed at $19.27.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. William Blair raised shares of Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Wells Fargo & Company raised Andersen Group to a “hold” rating in a research report on Monday, January 12th. UBS Group raised Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Zacks Research upgraded Andersen Group to a “hold” rating in a report on Tuesday, January 13th. Finally, Truist Financial raised Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Four analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Andersen Group Stock Up 7.1%

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN purchased a new stake in Andersen Group in the fourth quarter worth approximately $46,000. PNC Financial Services Group Inc. purchased a new position in shares of Andersen Group in the 4th quarter worth $215,000. Jane Street Group LLC bought a new position in Andersen Group in the fourth quarter valued at about $2,241,000. Telemark Asset Management LLC purchased a new position in Andersen Group in the fourth quarter worth about $2,593,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Andersen Group during the 4th quarter valued at about $4,278,000.

Andersen Group Company Profile

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.