AlTi Global (NASDAQ:ALTI) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of AlTi Global (NASDAQ:ALTI) from a sell rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Several other equities research analysts have also commented on ALTI. Weiss Ratings restated a “sell (d-)” rating on shares of AlTi Global in a research report on Friday, July 17th. Zacks Research cut shares of AlTi Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

AlTi Global Stock Up 0.9%

Shares of ALTI opened at $3.23 on Friday. The company has a market capitalization of $503.69 million, a price-to-earnings ratio of -2.32 and a beta of 0.72. AlTi Global has a 52 week low of $2.75 and a 52 week high of $5.45. The stock’s 50-day moving average price is $3.70 and its 200-day moving average price is $3.61. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.02.

Institutional Trading of AlTi Global

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Simon Quick Advisors LLC purchased a new position in shares of AlTi Global during the 1st quarter valued at approximately $94,000. Dimensional Fund Advisors LP increased its holdings in 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 worth $354,000 after acquiring an additional 30,878 shares in the last quarter. Squarepoint Ops LLC acquired a new position in AlTi Global during the second quarter worth $637,000. Yorkville Advisors Global LP raised its position in AlTi Global by 19.1% during the first quarter. Yorkville Advisors Global LP now owns 773,000 shares of the basic materials company’s stock worth $2,798,000 after acquiring an additional 123,801 shares during the period. Finally, BlueCrest Capital Management Ltd lifted its holdings in AlTi Global by 314.7% during the second quarter. BlueCrest Capital Management Ltd now owns 825,000 shares of the basic materials company’s stock valued at $2,978,000 after purchasing an additional 626,053 shares in the last quarter. 3.57% of the stock is currently 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.