Renaissance Technologies LLC Takes $1.69 Million Position in Andersen Group Inc. $ANDG

Renaissance Technologies LLC purchased a new position in Andersen Group Inc. (NYSE:ANDG) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,000 shares of the company’s stock, valued at approximately $1,686,000. Renaissance Technologies LLC owned 0.06% of Andersen Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Sei Investments Co. grew its position in Andersen Group by 96.3% in the 1st quarter. Sei Investments Co. now owns 121,649 shares of the company’s stock valued at $3,309,000 after acquiring an additional 59,693 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Andersen Group by 1.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 130,856 shares of the company’s stock worth $3,559,000 after purchasing an additional 1,267 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Andersen Group by 47.0% during the first quarter. Bank of New York Mellon Corp now owns 18,636 shares of the company’s stock valued at $507,000 after purchasing an additional 5,962 shares during the period. Corient Private Wealth LLC bought a new position in shares of Andersen Group in the fourth quarter worth about $357,000. Finally, XTX Topco Ltd purchased a new position in Andersen Group in the 4th quarter worth about $269,000.

Andersen Group Stock Performance

Shares of Andersen Group stock opened at $48.53 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 9.72. The stock’s fifty day moving average price is $41.20 and its 200-day moving average price is $32.95. The firm has a market cap of $5.48 billion and a P/E ratio of 285.49. Andersen Group Inc. has a 12 month low of $18.12 and a 12 month high of $50.48.

Andersen Group (NYSE:ANDG) last released its quarterly earnings data 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 company had revenue of $240.75 million for the quarter. The firm’s revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts expect that Andersen Group Inc. will post 0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ANDG. Truist Financial lifted their price objective on shares of Andersen Group from $32.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $41.00 target price on shares of Andersen Group in a research note on Wednesday, May 13th. UBS Group lifted their price target 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. Weiss Ratings upgraded Andersen Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Finally, Morgan Stanley increased their price objective on Andersen Group from $24.00 to $27.00 and gave the stock 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Insider Transactions at Andersen Group

In other news, major shareholder Durable Capital Partners Lp sold 336,736 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $40.01, for a total transaction of $13,472,807.36. Following the transaction, the insider directly owned 1,333,749 shares in the company, valued at approximately $53,363,297.49. This trade represents a 20.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert V. Gunderson, Jr. acquired 2,367 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $35.82 per share, for a total transaction of $84,785.94. Following the completion of the acquisition, the director 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. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 13.00% of the company’s stock.

About Andersen Group

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.