Corient Private Wealth LLC Purchases New Position in Andersen Group Inc. $ANDG

Corient Private Wealth LLC acquired a new position in Andersen Group Inc. (NYSE:ANDG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,760 shares of the company’s stock, valued at approximately $357,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ANDG. JPMorgan Chase & Co. purchased a new stake in Andersen Group during the 4th quarter valued at $45,987,000. J. Goldman & Co LP purchased a new position in shares of Andersen Group in the fourth quarter worth $30,079,000. Brown Advisory Inc. purchased a new position in shares of Andersen Group in the fourth quarter worth $29,365,000. Franklin Resources Inc. bought a new position in shares of Andersen Group during the fourth quarter valued at $25,864,000. Finally, Royce & Associates LP bought a new position in shares of Andersen Group during the fourth quarter valued at $19,948,000.

Insider Activity at Andersen Group

In other Andersen Group news, Director Robert V. Gunderson, Jr. purchased 2,367 shares of Andersen Group stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of $35.82 per share, with a total value of $84,785.94. Following the transaction, the director directly owned 15,000 shares of the company’s stock, valued at $537,300. This trade represents a 18.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 13.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ANDG shares. Morgan Stanley lifted their price objective on Andersen Group from $24.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. UBS Group upped their target price on shares of Andersen Group from $34.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $41.00 price target on shares of Andersen Group in a report on Wednesday, May 13th. Wells Fargo & Company boosted their price objective on shares of Andersen Group from $25.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, May 13th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Andersen Group Stock Up 4.4%

Shares of ANDG opened at $37.95 on Tuesday. The company has a debt-to-equity ratio of 9.72, a current ratio of 2.36 and a quick ratio of 2.36. Andersen Group Inc. has a one year low of $18.12 and a one year high of $40.23. The business has a fifty day moving average price of $36.76.

Andersen Group (NYSE:ANDG) last posted its earnings results on Tuesday, May 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). The business had revenue of $240.75 million during the quarter. Andersen Group’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, research analysts predict 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.