Teacher Retirement System of Texas Makes New $4.28 Million Investment in Andersen Group Inc. $ANDG

Key Points

• Teacher Retirement System of Texas bought 165,000 shares of Andersen Group (NYSE:ANDG) in Q4, a new position worth about $4.28 million and equal to roughly 0.15% of the company.
• Andersen beat estimates in its recent quarter, reporting a ($0.13) EPS vs. consensus ($0.28) and revenue of $170.35 million vs. $152.64 million, with analysts forecasting 0.23 EPS for the current year.
• Analyst sentiment is mixed-to-positive—consensus rating "Moderate Buy" with an average target of $33.33—while the stock opened at $33.90, is down 5.7% in the report, and trades in a 52-week range of $18.12–$36.71.

Teacher Retirement System of Texas acquired a new position in shares of Andersen Group Inc. (NYSE:ANDG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 165,000 shares of the company's stock, valued at approximately $4,278,000. Teacher Retirement System of Texas owned 0.15% of Andersen Group at the end of the most recent quarter.

Andersen Group Stock Down 5.7%

NYSE ANDG opened at $33.90 on Tuesday. The company's 50-day moving average is $27.11. Andersen Group Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $36.71.

Andersen Group (NYSE:ANDG - Get Free Report) last released its quarterly earnings data on Tuesday, March 17th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.15. The company had revenue of $170.35 million during the quarter, compared to analysts' expectations of $152.64 million. Analysts forecast that Andersen Group Inc. will post 0.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. William Blair raised Andersen Group to a "strong-buy" rating in a research report on Monday, January 12th. Truist Financial 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 lifted their target price on Andersen Group from $40.00 to $42.00 and gave the stock an "outperform" rating in a report on Wednesday, March 18th. Finally, Morgan Stanley upped their target price on Andersen Group from $22.00 to $24.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 18th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $33.33.

Andersen Group Profile

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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