AlTi Global (NASDAQ:ALTI) Sees Large Volume Increase – What’s Next?

Shares of AlTi Global, Inc. (NASDAQ:ALTIGet Free Report) saw unusually-high trading volume on Friday . Approximately 333,350 shares were traded during mid-day trading, an increase of 88% from the previous session’s volume of 177,108 shares.The stock last traded at $3.7450 and had previously closed at $3.84.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALTI. Zacks Research lowered shares of AlTi Global from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of AlTi Global in a research report on Friday, July 17th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Check Out Our Latest Report on ALTI

AlTi Global Stock Performance

The stock has a market capitalization of $597.25 million, a price-to-earnings ratio of -2.76 and a beta of 0.72. The company’s fifty day simple moving average is $3.80 and its 200 day simple moving average is $3.70. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On AlTi Global

Several hedge funds have recently bought and sold shares of ALTI. BNP Paribas Financial Markets grew its position in shares of AlTi Global by 110.4% in the third quarter. BNP Paribas Financial Markets now owns 8,729 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 4,581 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in AlTi Global by 158.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,644 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 5,912 shares during the period. AQR Capital Management LLC bought a new stake in AlTi Global in the 1st quarter valued at $42,000. XTX Topco Ltd acquired a new position in AlTi Global in the 4th quarter valued at $63,000. Finally, The Manufacturers Life Insurance Company increased its position in AlTi Global by 25.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,157 shares of the basic materials company’s stock worth $75,000 after buying an additional 3,679 shares during the period. 3.57% of the stock is currently owned by institutional investors and hedge funds.

AlTi Global Company Profile

(Get Free Report)

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.

Further Reading

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