Andersen Group (NYSE:ANDG) Hits New 52-Week Low – Here’s What Happened

Shares of Andersen Group Inc. (NYSE:ANDG) reached a new 52-week low during trading on Wednesday . The company traded as low as $19.24 and last traded at $19.34, with a volume of 156404 shares traded. The stock had previously closed at $20.38.

Analysts Set New Price Targets

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

Andersen Group Price Performance

Institutional Trading of Andersen Group

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in shares of Andersen Group in the fourth quarter worth $45,987,000. Franklin Resources Inc. acquired a new stake in Andersen Group during the fourth quarter worth about $25,864,000. Royce & Associates LP bought a new position in Andersen Group in the 4th quarter valued at about $19,948,000. Seven Grand Managers LLC acquired a new position in shares of Andersen Group in the 4th quarter valued at approximately $12,965,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Andersen Group in the 4th quarter valued at approximately $10,420,000.

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.