Andersen Group (NYSE:ANDG) Stock Price Up 6.3% – Still a Buy?

Andersen Group Inc. (NYSE:ANDG)’s share price shot up 6.3% on Tuesday . The company traded as high as $24.81 and last traded at $24.8250. 27,616 shares traded hands during trading, a decline of 90% from the average session volume of 288,817 shares. The stock had previously closed at $23.36.

Wall Street Analyst Weigh In

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

Andersen Group Stock Up 4.6%

The stock has a 50-day moving average of $22.33.

Institutional Investors Weigh In On Andersen Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Hudson Bay Capital Management LP purchased a new position in Andersen Group during the fourth quarter valued at $1,264,000. Marshall Wace LLP acquired a new position in shares of Andersen Group during the 4th quarter worth about $1,234,000. Oxford Asset Management LLP purchased a new position in Andersen Group in the 4th quarter valued at about $833,000. Polymer Capital Management US LLC purchased a new position in Andersen Group in the 4th quarter valued at about $648,000. Finally, Corient Private Wealth LLC purchased a new stake in Andersen Group during the 4th quarter worth approximately $357,000.

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.