AlTi Global (NASDAQ:ALTI - Get Free Report) was upgraded by equities research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Monday,Zacks.com reports.
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of AlTi Global in a report on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce".
Check Out Our Latest Stock Analysis on ALTI
AlTi Global Price Performance
Shares of NASDAQ:ALTI opened at $3.55 on Monday. The firm has a market capitalization of $520.61 million, a PE ratio of -1.97 and a beta of 0.76. The business has a 50 day simple moving average of $4.06 and a two-hundred day simple moving average of $3.75. AlTi Global has a 1 year low of $2.33 and a 1 year high of $5.00.
Institutional Investors Weigh In On AlTi Global
Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its holdings in AlTi Global by 158.4% in the second quarter. Tower Research Capital LLC TRC now owns 9,644 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 5,912 shares during the last quarter. AQR Capital Management LLC purchased a new position in AlTi Global in the 1st quarter valued at about $42,000. The Manufacturers Life Insurance Company lifted its stake in AlTi Global by 25.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,157 shares of the basic materials company's stock worth $75,000 after purchasing an additional 3,679 shares in the last quarter. Flputnam Investment Management Co. purchased a new position in AlTi Global in the 1st quarter worth approximately $76,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in AlTi Global by 15.4% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,280 shares of the basic materials company's stock worth $97,000 after purchasing an additional 3,109 shares in the last quarter. 3.57% of the stock is owned by hedge funds and other institutional investors.
About AlTi Global
(
Get Free Report)
AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States, the United Kingdom, and internationally. It operates through two segments, Wealth Management and Strategic Alternatives. The company offers discretionary investment management, non-discretionary investment advisory, and investment management and advisory services.
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