AlTi Global (NASDAQ:ALTI) Raised to “Hold” at Wall Street Zen

by · The Cerbat Gem

AlTi Global (NASDAQ:ALTI – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other analysts also recently issued reports on the stock. Zacks Research downgraded shares of AlTi Global from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AlTi Global in a research note on Friday, July 17th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Get Our Latest Report on ALTI

AlTi Global Price Performance

Shares of AlTi Global stock opened at $3.23 on Friday. AlTi Global has a twelve month low of $2.75 and a twelve month high of $5.45. The stock has a market capitalization of $503.69 million, a P/E ratio of -2.32 and a beta of 0.72. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.02. The business’s fifty day moving average price is $3.70 and its 200 day moving average price is $3.60.

Institutional Trading of AlTi Global

Several large investors have recently modified their holdings of the business. BlueCrest Capital Management Ltd lifted its stake in shares of 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 worth $2,978,000 after acquiring an additional 626,053 shares in the last quarter. Yorkville Advisors Global LP grew its stake in AlTi Global by 45.1% during the 4th quarter. Yorkville Advisors Global LP now owns 649,199 shares of the basic materials company’s stock valued at $3,012,000 after purchasing an additional 201,699 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in AlTi Global during the 2nd quarter worth approximately $637,000. Dimensional Fund Advisors LP raised its position in shares of AlTi Global by 46.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 97,681 shares of the basic materials company’s stock valued at $354,000 after purchasing an additional 30,878 shares in the last quarter. Finally, Simon Quick Advisors LLC acquired a new position in shares of AlTi Global in the 1st quarter valued at approximately $94,000. 3.57% of the stock is currently owned by institutional investors and hedge funds.

AlTi Global Company Profile

(Get Free Report)

AlTi Global, Inc is a global independent wealth manager serving high-net-worth individuals, families, foundations, endowments and institutions. The company provides wealth management, investment advisory and strategic advisory services designed to help clients manage, preserve and grow their assets across generations.

Its offerings include portfolio management, financial planning, alternative investments, private markets and other investment solutions. AlTi also provides family-office services and advice related to governance, philanthropy, succession planning and other complex financial and strategic matters.

AlTi Global was formed in 2023 through the combination of Tiedemann Advisors and Alvarium Investments, bringing together established wealth-management businesses with international operations.

Featured Articles