Andersen Group Inc. (NYSE:ANDG – Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 3,015,211 shares, an increase of 55.0% from the September 15th total of 1,945,580 shares. Based on an average daily volume of 583,982 shares, the days-to-cover ratio is currently 5.2 days. Currently, 3.1% of the company’s stock are short sold.
Andersen Group Stock Down 0.9%
Shares of NYSE ANDG traded down $0.53 during mid-day trading on Friday, reaching $58.42. The company had a trading volume of 250,280 shares, compared to its average volume of 482,118. The company has a debt-to-equity ratio of 7.82, a quick ratio of 2.19 and a current ratio of 2.19. The company has a market capitalization of $6.60 billion and a price-to-earnings ratio of -110.24. The stock has a fifty day moving average of $53.97 and a two-hundred day moving average of $43.30. Andersen Group has a 12-month low of $18.12 and a 12-month high of $60.15.
Andersen Group (NYSE:ANDG – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.07. The company had revenue of $217.66 million for the quarter. As a group, equities research analysts expect that Andersen Group will post 0.73 EPS for the current year.
Analyst Ratings Changes
ANDG has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on Andersen Group from $57.00 to $64.00 and gave the company an “outperform” rating in a report on Monday, August 31st. Wells Fargo & Company lifted their price target on Andersen Group from $38.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $56.00 price target on shares of Andersen Group in a report on Friday, August 14th. BMO Capital Markets assumed coverage on Andersen Group in a research report on Tuesday, September 8th. They set a “market perform” rating and a $58.00 price target on the stock. Finally, Morgan Stanley increased their price objective on Andersen Group from $27.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.14.
Read Our Latest Stock Analysis on ANDG
Institutional Investors Weigh In On Andersen Group
A number of institutional investors have recently modified their holdings of ANDG. GAMMA Investing LLC increased its stake in shares of Andersen Group by 353.9% in the third 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 last quarter. Squarepoint Ops LLC purchased a new stake in shares of Andersen Group during the second quarter worth $592,000. Corient Private Wealth LP boosted its position in Andersen Group by 67.2% during the second quarter. Corient Private Wealth LP now owns 23,005 shares of the company’s stock valued at $868,000 after purchasing an additional 9,245 shares during the last quarter. Bank of America Corp DE boosted its position in Andersen Group by 512.0% during the first quarter. Bank of America Corp DE now owns 12,852 shares of the company’s stock valued at $350,000 after purchasing an additional 10,752 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Andersen Group during the first quarter valued at $1,686,000.
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.
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