AlTi Global's (ALTI) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• AlTi Global's stock has been reiterated with a "sell (D-)" rating by Weiss Ratings, indicating continued concerns about its financial performance.
• In contrast, Zacks Research upgraded AlTi Global from a "strong sell" to a "hold" rating, suggesting some analysts see potential stability.
• AlTi Global's stock recently traded at $3.60, with a market cap of $527.94 million and significant fluctuations in trading volume.

AlTi Global (NASDAQ:ALTI - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Zacks Research raised shares of AlTi Global from a "strong sell" rating to a "hold" rating in a research report on Monday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Reduce".

AlTi Global Stock Performance

AlTi Global stock traded up $0.05 during midday trading on Wednesday, hitting $3.60. 41,277 shares of the company's stock were exchanged, compared to its average volume of 134,479. The company has a market cap of $527.94 million, a PE ratio of -2.00 and a beta of 0.76. The firm has a 50-day moving average of $4.06 and a two-hundred day moving average of $3.75. AlTi Global has a 12 month low of $2.33 and a 12 month high of $5.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in AlTi Global by 158.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,644 shares of the basic materials company's stock valued at $40,000 after buying an additional 5,912 shares during the period. AQR Capital Management LLC purchased a new stake in AlTi Global in the 1st quarter valued at about $42,000. The Manufacturers Life Insurance Company raised its holdings 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 valued at $75,000 after buying an additional 3,679 shares during the period. Flputnam Investment Management Co. purchased a new stake in AlTi Global in the 1st quarter valued at about $76,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 valued at $97,000 after buying an additional 3,109 shares during the period. Hedge funds and other institutional investors own 3.57% of the company's stock.

AlTi Global Company Profile

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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