Brown Advisory Inc. Invests $29.37 Million in Andersen Group Inc. $ANDG

Brown Advisory Inc. acquired a new position in shares of Andersen Group Inc. (NYSE:ANDG) in the fourth quarter, HoldingsChannel reports. The fund acquired 1,132,461 shares of the company’s stock, valued at approximately $29,365,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in Andersen Group during the fourth quarter worth about $45,987,000. Franklin Resources Inc. acquired a new position in Andersen Group in the 4th quarter worth approximately $25,864,000. Royce & Associates LP bought a new position in shares of Andersen Group during the 4th quarter valued at $19,948,000. Seven Grand Managers LLC bought a new position in shares of Andersen Group during the 4th quarter valued at $12,965,000. Finally, Goldman Sachs Group Inc. acquired a new position in Andersen Group in the 4th quarter valued at $10,420,000.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ANDG. Weiss Ratings upgraded shares of Andersen Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. UBS Group raised their price objective on shares of Andersen Group from $34.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Truist Financial upped their price target on shares of Andersen Group from $32.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Wells Fargo & Company increased their price objective on shares of Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Finally, Morgan Stanley raised their price target on shares of Andersen Group from $24.00 to $27.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Insider Buying and Selling at Andersen Group

In related news, Director Robert V. Gunderson, Jr. acquired 2,367 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of $35.82 per share, for a total transaction of $84,785.94. Following the completion of the transaction, the director owned 15,000 shares in the company, valued at approximately $537,300. This trade represents a 18.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 13.00% of the company’s stock.

Andersen Group Price Performance

Shares of ANDG stock opened at $37.27 on Tuesday. The company’s fifty day simple moving average is $35.09. Andersen Group Inc. has a 12 month low of $18.12 and a 12 month high of $40.23.

Andersen Group (NYSE:ANDG) last released its quarterly earnings data on Tuesday, May 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $240.75 million for the quarter. The company’s revenue was up 15.7% compared to the same quarter last year. Analysts forecast that Andersen Group Inc. will post 0.73 EPS for the current year.

Andersen Group 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.