AlTi Global, Inc. (NASDAQ:ALTI – Get Free Report)’s stock price rose 6.4% on Tuesday . The stock traded as high as $3.89 and last traded at $3.8850. 50,051 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 180,231 shares. The stock had previously closed at $3.65.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of AlTi Global in a report on Monday, April 20th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.
Read Our Latest Stock Analysis on ALTI
AlTi Global Trading Up 2.6%
Hedge Funds Weigh In On AlTi Global
Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its stake in AlTi Global by 110.4% during the third quarter. BNP Paribas Financial Markets now owns 8,729 shares of the basic materials company’s stock valued at $31,000 after buying an additional 4,581 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of AlTi Global by 158.4% during 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 acquiring an additional 5,912 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of AlTi Global during the first quarter valued at $42,000. XTX Topco Ltd purchased a new position in shares of AlTi Global in the 4th quarter worth about $63,000. Finally, The Manufacturers Life Insurance Company boosted its stake in AlTi Global by 25.4% in the 2nd 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 in the last quarter. 3.57% of the stock is currently owned by hedge funds and other institutional investors.
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.
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