AlTi Global (NASDAQ:ALTI) Upgraded to “Hold” at Zacks Research

AlTi Global (NASDAQ:ALTI) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Several other analysts also recently issued reports on ALTI. Weiss Ratings reissued a “sell (d-)” rating on shares of AlTi Global in a research note on Thursday, October 15th. Wall Street Zen raised AlTi Global from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

AlTi Global Stock Up 9.0%

Shares of NASDAQ:ALTI opened at $2.67 on Monday. AlTi Global has a 12 month low of $2.26 and a 12 month high of $5.45. The firm’s 50-day moving average is $3.29 and its 200 day moving average is $3.45. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.02.

Institutional Trading of AlTi Global

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlueCrest Capital Management Ltd boosted its holdings in shares of AlTi Global by 314.7% in 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 during the period. Squarepoint Ops LLC bought a new position in AlTi Global in the second quarter worth approximately $637,000. Yorkville Advisors Global LP increased its holdings in AlTi Global by 19.1% during 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 period. Dimensional Fund Advisors LP increased its holdings in 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 during the period. Finally, Simon Quick Advisors LLC bought a new stake in AlTi Global during the 1st quarter valued at $94,000. Institutional investors own 3.57% of the company’s stock.

About AlTi Global

AlTi Global, Inc (NASDAQ: ALTI) is a global independent wealth manager providing investment, advisory and strategic services to individuals, families, foundations, endowments and institutions. The company focuses on helping clients manage and grow wealth through customized investment strategies and long-term planning.

Its services include wealth management, investment management, alternative investments, portfolio construction, impact investing and outsourced chief investment officer solutions.