AlTi Global, Inc. (NASDAQ:ALTI – Get Free Report) fell 5.7% during mid-day trading on Thursday . The company traded as low as $3.56 and last traded at $3.5540. 40,167 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 152,865 shares. The stock had previously closed at $3.77.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of AlTi Global in a report on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.
Check Out Our Latest Stock Analysis on ALTI
AlTi Global Price Performance
Institutional Investors Weigh In On AlTi Global
A number of hedge funds and other institutional investors have recently made changes to their positions in ALTI. Yorkville Advisors Global LP lifted its holdings in shares of 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 valued at $2,798,000 after buying an additional 123,801 shares during the last quarter. 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 worth $354,000 after buying an additional 30,878 shares during the last quarter. Simon Quick Advisors LLC acquired a new position in AlTi Global in the first quarter worth approximately $94,000. XTX Topco Ltd bought a new position in AlTi Global during the fourth quarter valued at approximately $63,000. Finally, AQR Capital Management LLC raised its position in AlTi Global by 8.2% during the fourth quarter. AQR Capital Management LLC now owns 37,424 shares of the basic materials company’s stock valued at $174,000 after acquiring an additional 2,824 shares in the last quarter. 3.57% of the stock is 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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