Wall Street Zen Upgrades AlTi Global (NASDAQ:ALTI) to Hold

Key Points

• Wall Street Zen upgraded AlTi Global from “sell” to “hold,” but the broader analyst consensus remains “sell,” with Zacks Research downgrading the stock to “strong sell” and Weiss Ratings reiterating a “sell (D-)” rating.
• AlTi Global shares opened at $3.23, with a market capitalization of about $504 million and a 12-month trading range of $2.75 to $5.45. The company reported a negative price-to-earnings ratio of -2.32 and minimal debt relative to equity.
• Several institutional investors increased or initiated positions, including BlueCrest Capital Management, which raised its stake by 314.7%; however, hedge funds and other institutions collectively own only 3.57% of the stock.

AlTi Global (NASDAQ:ALTI - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

Several other research firms have also weighed in on ALTI. Zacks Research lowered shares of AlTi Global from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 14th. Weiss Ratings restated a "sell (d-)" rating on shares of AlTi Global in a report on Friday, July 17th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of "Sell".

AlTi Global Trading Up 0.9%

Shares of ALTI stock opened at $3.23 on Friday. The company's 50-day moving average price is $3.70 and its 200-day moving average price is $3.61. 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 stock has a market cap of $503.69 million, a price-to-earnings ratio of -2.32 and a beta of 0.72. AlTi Global has a twelve month low of $2.75 and a twelve month high of $5.45.

Institutional Investors Weigh In On AlTi Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlueCrest Capital Management Ltd boosted its position in shares of AlTi Global by 314.7% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 825,000 shares of the basic materials company's stock worth $2,978,000 after purchasing an additional 626,053 shares during the period. Squarepoint Ops LLC purchased a new stake in AlTi Global in the second quarter valued at approximately $637,000. Yorkville Advisors Global LP raised its position in AlTi Global by 19.1% in the first quarter. Yorkville Advisors Global LP now owns 773,000 shares of the basic materials company's stock valued at $2,798,000 after purchasing an additional 123,801 shares during the period. Dimensional Fund Advisors LP lifted its stake 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 purchasing an additional 30,878 shares in the last quarter. Finally, Simon Quick Advisors LLC acquired a new position in AlTi Global during the first quarter worth $94,000. 3.57% of the stock is owned by hedge funds and other institutional investors.

About AlTi Global

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.

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