Andersen Group (NYSE:ANDG) Shares Gap Down – Time to Sell?

Andersen Group Inc. (NYSE:ANDG)’s share price gapped down before the market opened on Friday . The stock had previously closed at $22.40, but opened at $21.49. Andersen Group shares last traded at $21.50, with a volume of 1,419 shares traded.

Analyst Ratings Changes

Several brokerages have weighed in on ANDG. William Blair raised Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Zacks Research upgraded Andersen Group to a “hold” rating in a research note on Tuesday, January 13th. Robert W. Baird upgraded Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Truist Financial upgraded shares of Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Finally, UBS Group upgraded Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Four analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Andersen Group currently has a consensus rating of “Buy”.

Andersen Group Trading Up 1.6%

Hedge Funds Weigh In On Andersen Group

Several large investors have recently modified their holdings of the stock. Wells Fargo & Company MN purchased a new stake in Andersen Group during the 4th quarter valued at about $46,000. PNC Financial Services Group Inc. purchased a new stake in Andersen Group during the 4th quarter worth about $215,000. Barclays PLC acquired a new stake in Andersen Group during the 4th quarter worth $218,000. Voloridge Investment Management LLC acquired a new position in Andersen Group during the 4th quarter worth approximately $259,000. Finally, XTX Topco Ltd acquired a new position in Andersen Group during the fourth quarter worth about $269,000.

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.