AlTi Global (NASDAQ:ALTI) Trading Up 6.8% – What’s Next?

AlTi Global, Inc. (NASDAQ:ALTI) was up 6.8% on Monday . The company traded as high as $3.47 and last traded at $3.5020. Approximately 20,603 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 148,613 shares. The stock had previously closed at $3.28.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of AlTi Global in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, AlTi Global presently has a consensus rating of “Reduce”.

AlTi Global Trading Up 9.6%

The business has a 50-day moving average price of $4.23 and a 200 day moving average price of $4.15. The company has a market cap of $527.07 million, a price-to-earnings ratio of -1.99 and a beta of 0.76.

Institutional Trading of AlTi Global

A number of hedge funds have recently bought and sold shares of ALTI. XTX Topco Ltd purchased a new stake in shares of AlTi Global in the 4th quarter valued at approximately $63,000. AQR Capital Management LLC raised its stake 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 valued at $174,000 after purchasing an additional 2,824 shares during the period. GAM Holding AG purchased a new stake in shares of AlTi Global in the fourth quarter valued at $120,000. Price T Rowe Associates Inc. MD boosted its position in shares of AlTi Global by 28.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,873 shares of the basic materials company’s stock worth $130,000 after buying an additional 6,197 shares during the period. Finally, Barclays PLC grew its holdings in shares of AlTi Global by 11.6% during the fourth quarter. Barclays PLC now owns 67,567 shares of the basic materials company’s stock valued at $314,000 after buying an additional 7,011 shares in the last quarter. 3.57% of the stock is owned by hedge funds and other institutional investors.

About AlTi Global

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.