9,700 Shares of Andersen Group Inc. $ANDG Bought by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in Andersen Group Inc. (NYSE:ANDG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,700 shares of the company’s stock, valued at approximately $528,000.

Several other institutional investors also recently modified their holdings of ANDG. GAMMA Investing LLC lifted its holdings in shares of Andersen Group by 353.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,498 shares of the company’s stock worth $81,000 after acquiring an additional 1,168 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Andersen Group by 1.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 130,856 shares of the company’s stock worth $3,559,000 after buying an additional 1,267 shares during the period. Bank of New York Mellon Corp boosted its stake in Andersen Group by 47.0% in the 1st quarter. Bank of New York Mellon Corp now owns 18,636 shares of the company’s stock valued at $507,000 after buying an additional 5,962 shares in the last quarter. Corient Private Wealth LP grew its holdings in shares of Andersen Group by 67.2% in the 2nd quarter. Corient Private Wealth LP now owns 23,005 shares of the company’s stock worth $868,000 after purchasing an additional 9,245 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Andersen Group by 512.0% during the 1st quarter. Bank of America Corp DE now owns 12,852 shares of the company’s stock worth $350,000 after purchasing an additional 10,752 shares in the last quarter.

Andersen Group Price Performance

Andersen Group stock opened at $65.60 on Thursday. The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 7.82. The firm has a market capitalization of $7.41 billion and a P/E ratio of -123.77. The business has a 50-day moving average of $58.68 and a 200-day moving average of $40.85. Andersen Group Inc. has a 1 year low of $18.12 and a 1 year high of $68.41.

Andersen Group (NYSE:ANDG) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.07. The firm had revenue of $217.66 million during the quarter. On average, equities analysts anticipate that Andersen Group Inc. will post 0.73 EPS for the current year.

Analyst Ratings Changes

ANDG has been the subject of a number of research analyst reports. BMO Capital Markets started coverage on shares of Andersen Group in a research note on Tuesday, September 8th. They issued a “market perform” rating and a $58.00 target price for the company. Truist Financial increased their price objective on shares of Andersen Group from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, September 25th. Morgan Stanley upped their target price on shares of Andersen Group from $27.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Robert W. Baird boosted their price objective on shares of Andersen Group from $57.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Finally, Wells Fargo & Company boosted their target price on Andersen Group from $38.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Andersen Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.14.

About Andersen Group

Andersen Group is a professional services firm providing tax, legal, valuation, financial advisory and consulting services to individuals, families and businesses. Its work includes tax planning and compliance, business and transaction advisory, and legal and valuation support. The firm traces its origins to WTAS, established in 2002 by former Arthur Andersen professionals. It later adopted the Andersen name and developed an international presence through the Andersen network of affiliated firms.