Andersen Group Inc. $ANDG Shares Newly Purchased by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in shares of Andersen Group Inc. (NYSE:ANDG) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,700 shares of the company’s stock, valued at approximately $528,000.

A number of other institutional investors have also made changes to their positions in ANDG. Allspring Global Investments Holdings LLC increased its stake in Andersen Group by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 130,856 shares of the company’s stock valued at $3,559,000 after buying an additional 1,267 shares during the last quarter. Sei Investments Co. increased its position in shares of Andersen Group by 96.3% during the 1st quarter. Sei Investments Co. now owns 121,649 shares of the company’s stock worth $3,309,000 after purchasing an additional 59,693 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Andersen Group during the 1st quarter worth approximately $1,686,000. Corient Private Wealth LP boosted 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 valued at $868,000 after buying an additional 9,245 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Andersen Group by 47.0% in the first quarter. Bank of New York Mellon Corp now owns 18,636 shares of the company’s stock valued at $507,000 after buying an additional 5,962 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets began coverage on shares of Andersen Group in a report on Tuesday, September 8th. They issued a “market perform” rating and a $58.00 target price on the stock. Morgan Stanley increased their price target on Andersen Group from $27.00 to $54.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Truist Financial upped their price objective on shares of Andersen Group from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, September 25th. Deutsche Bank reaffirmed a “buy” rating and set a $56.00 target price on shares of Andersen Group in a report on Friday, August 14th. Finally, Robert W. Baird increased their price target on shares of Andersen Group from $57.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.14.

Andersen Group Stock Down 0.3%

NYSE ANDG opened at $65.60 on Thursday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 7.82. The company has a market cap of $7.41 billion and a price-to-earnings ratio of -123.77. The company has a 50 day moving average of $58.68 and a 200-day moving average of $40.85. Andersen Group Inc. has a 1-year low of $18.12 and a 1-year high of $68.41.

Andersen Group (NYSE:ANDG) last announced its quarterly earnings data 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 during the quarter. On average, equities research analysts expect that Andersen Group Inc. will post 0.73 earnings per share for the current fiscal year.

Andersen Group Company Profile

Andersen Group is a professional services firm providing tax, legal, valuation, financial advisory and consulting services to individuals, families and businesses. Its work includes tax planning and compliance, business and transaction advisory, and legal and valuation support. The firm traces its origins to WTAS, established in 2002 by former Arthur Andersen professionals. It later adopted the Andersen name and developed an international presence through the Andersen network of affiliated firms.