AlTi Global’s (ALTI) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (d-) rating on shares of AlTi Global (NASDAQ:ALTI) in a research note released on Wednesday morning,Weiss Ratings reports.

Separately, Zacks Research raised shares of AlTi Global from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, AlTi Global currently has an average rating of “Reduce”.

AlTi Global Price Performance

ALTI stock opened at $3.59 on Wednesday. The company’s 50 day simple moving average is $4.03 and its 200-day simple moving average is $3.76. The firm has a market capitalization of $526.47 million, a PE ratio of -1.99 and a beta of 0.76. AlTi Global has a 12 month low of $2.33 and a 12 month high of $5.00.

AlTi Global (NASDAQ:ALTI) last released its quarterly earnings results on Thursday, April 20th. The basic materials company reported ($0.11) EPS for the quarter. The business had revenue of ($18.58) million during the quarter. AlTi Global had a negative net margin of 66.10% and a negative return on equity of 0.32%. As a group, sell-side analysts anticipate that AlTi Global will post -0.14 earnings per share for the current year.

Hedge Funds Weigh In On AlTi Global

Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in shares of AlTi Global by 158.4% in the second 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 last quarter. AQR Capital Management LLC acquired a new position in AlTi Global during the first quarter worth approximately $42,000. The Manufacturers Life Insurance Company increased its position in AlTi Global by 25.4% during the second quarter. The Manufacturers Life Insurance Company now owns 18,157 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 3,679 shares during the last quarter. Flputnam Investment Management Co. acquired a new position in AlTi Global during the first quarter worth approximately $76,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in AlTi Global by 15.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,280 shares of the basic materials company’s stock worth $97,000 after purchasing an additional 3,109 shares during the last quarter. Institutional investors and hedge funds 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.