AlTi Global (NASDAQ:ALTI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of AlTi Global (NASDAQ:ALTI) from a sell rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

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

AlTi Global Trading Down 3.7%

Shares of AlTi Global stock opened at $3.11 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.02. AlTi Global has a twelve month low of $2.75 and a twelve month high of $5.45. The firm has a market capitalization of $484.97 million, a PE ratio of -2.24 and a beta of 0.72. The firm’s 50-day moving average price is $3.69 and its 200 day moving average price is $3.59.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlueCrest Capital Management Ltd grew its holdings in AlTi Global by 314.7% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 825,000 shares of the basic materials company’s stock valued at $2,978,000 after buying an additional 626,053 shares in the last quarter. Yorkville Advisors Global LP raised its stake in 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. Squarepoint Ops LLC acquired a new position in AlTi Global in the 2nd quarter valued at about $637,000. Dimensional Fund Advisors LP grew its stake in shares of AlTi Global by 46.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 97,681 shares of the basic materials company’s stock valued at $354,000 after buying an additional 30,878 shares during the period. Finally, Simon Quick Advisors LLC acquired a new stake in shares of AlTi Global during the 1st quarter worth approximately $94,000. 3.57% of the stock is currently owned by institutional investors and hedge funds.

AlTi Global Company Profile

AlTi Global, Inc is a global independent wealth manager serving high-net-worth individuals, families, foundations, endowments and institutions. The company provides wealth management, investment advisory and strategic advisory services designed to help clients manage, preserve and grow their assets across generations.

Its offerings include portfolio management, financial planning, alternative investments, private markets and other investment solutions. AlTi also provides family-office services and advice related to governance, philanthropy, succession planning and other complex financial and strategic matters.

AlTi Global was formed in 2023 through the combination of Tiedemann Advisors and Alvarium Investments, bringing together established wealth-management businesses with international operations.