BlueCrest Capital Management Ltd Buys 626,053 Shares of AlTi Global, Inc. $ALTI

BlueCrest Capital Management Ltd lifted its stake in AlTi Global, Inc. (NASDAQ:ALTI) by 314.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 825,000 shares of the basic materials company’s stock after buying an additional 626,053 shares during the period. BlueCrest Capital Management Ltd’s holdings in AlTi Global were worth $2,978,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ALTI. Squarepoint Ops LLC bought a new stake in AlTi Global in the second quarter valued at $637,000. Yorkville Advisors Global LP grew its holdings in shares of AlTi Global by 19.1% in the 1st quarter. Yorkville Advisors Global LP now owns 773,000 shares of the basic materials company’s stock worth $2,798,000 after purchasing an additional 123,801 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of AlTi Global by 46.2% during the 1st 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. Simon Quick Advisors LLC bought a new position in AlTi Global during the 1st quarter valued at about $94,000. Finally, XTX Topco Ltd acquired a new position in AlTi Global in the fourth quarter valued at about $63,000. Institutional investors and hedge funds own 3.57% of the company’s stock.

Analyst Upgrades and Downgrades

ALTI has been the subject of several recent analyst reports. Wall Street Zen lowered shares of AlTi Global from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. Zacks Research lowered AlTi Global from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of AlTi Global in a research report on Friday, July 17th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

AlTi Global Price Performance

Shares of ALTI stock opened at $3.24 on Thursday. AlTi Global, Inc. has a 1 year low of $2.75 and a 1 year high of $5.45. The firm’s 50 day moving average is $3.77 and its 200-day moving average is $3.67. The firm has a market capitalization of $505.25 million, a price-to-earnings ratio of -2.33 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.

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. It also provides trust and administration services, such as entity formation and management; creating or modifying trust instruments and administrative practices to meet beneficiary needs; corporate, trustee-executor, and fiduciary services; provision of directors and company secretarial services; administering entity ownership of intellectual property rights; advisory and administration services in connection with investments in marine and aviation assets; and administering entity ownership of fine art and collectibles.