AlTi Global (NASDAQ:ALTI) Raised to Hold at Zacks Research

AlTi Global (NASDAQ:ALTI) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday, Zacks reports.

A number of other brokerages also recently weighed in on ALTI. Wall Street Zen upgraded shares of AlTi Global from a “sell” rating to a “hold” rating in a research report on Saturday, September 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of AlTi Global in a research note on Thursday, October 15th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

AlTi Global Price Performance

AlTi Global stock opened at $2.67 on Monday. The firm has a market capitalization of $416.36 million, a P/E ratio of -1.92 and a beta of 0.78. AlTi Global has a 1 year low of $2.26 and a 1 year high of $5.45. The business has a 50-day moving average of $3.29 and a 200-day moving average of $3.45. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.02.

Institutional Trading of AlTi Global

A number of large investors have recently made changes to their positions in ALTI. Simon Quick Advisors LLC bought a new stake in shares of AlTi Global in the 1st quarter valued at $94,000. Dimensional Fund Advisors LP lifted its holdings in AlTi Global by 46.2% during the first quarter. Dimensional Fund Advisors LP now owns 97,681 shares of the basic materials company’s stock worth $354,000 after acquiring an additional 30,878 shares in the last quarter. Squarepoint Ops LLC bought a new position in AlTi Global during the second quarter worth about $637,000. Yorkville Advisors Global LP lifted its holdings in AlTi Global by 19.1% during the first quarter. Yorkville Advisors Global LP now owns 773,000 shares of the basic materials company’s stock worth $2,798,000 after acquiring an additional 123,801 shares in the last quarter. Finally, BlueCrest Capital Management Ltd grew its stake in AlTi Global by 314.7% in the second quarter. BlueCrest Capital Management Ltd now owns 825,000 shares of the basic materials company’s stock valued at $2,978,000 after acquiring an additional 626,053 shares during the period. Institutional investors own 3.57% of the company’s stock.

About AlTi Global

AlTi Global, Inc (NASDAQ: ALTI) is a global independent wealth manager providing investment, advisory and strategic services to individuals, families, foundations, endowments and institutions. The company focuses on helping clients manage and grow wealth through customized investment strategies and long-term planning.

Its services include wealth management, investment management, alternative investments, portfolio construction, impact investing and outsourced chief investment officer solutions.