AlTi Global, Inc. (NASDAQ:ALTI – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $3.56, but opened at $3.37. AlTi Global shares last traded at $3.3650, with a volume of 4,350 shares trading hands.
Analyst Upgrades and Downgrades
ALTI has been the topic of a number of research reports. Zacks Research cut shares of AlTi Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AlTi Global in a research note on Friday. Two analysts have rated the stock with a Sell rating, According to MarketBeat, AlTi Global currently has an average rating of “Sell”.
AlTi Global Price Performance
Hedge Funds Weigh In On AlTi Global
Several institutional investors and hedge funds have recently added to or reduced their stakes in ALTI. Yorkville Advisors Global LP lifted its holdings in shares of 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 purchasing an additional 123,801 shares during the period. Dimensional Fund Advisors LP increased its holdings in AlTi Global by 46.2% in the first quarter. Dimensional Fund Advisors LP now owns 97,681 shares of the basic materials company’s stock valued at $354,000 after purchasing an additional 30,878 shares during the period. Simon Quick Advisors LLC acquired a new stake in AlTi Global in the first quarter valued at $94,000. XTX Topco Ltd acquired a new stake in AlTi Global in the fourth quarter valued at $63,000. Finally, AQR Capital Management LLC raised its position in AlTi Global by 8.2% during the 4th quarter. AQR Capital Management LLC now owns 37,424 shares of the basic materials company’s stock worth $174,000 after purchasing an additional 2,824 shares during the last quarter. 3.57% of the stock is currently owned by institutional investors and hedge funds.
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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