AlTi Global (NASDAQ:ALTI) Lowered to “Strong Sell” Rating by Zacks Research

AlTi Global (NASDAQ:ALTI) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of AlTi Global in a report on Monday, April 20th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

AlTi Global Stock Performance

Shares of ALTI opened at $3.58 on Tuesday. The firm’s 50 day moving average is $3.35 and its 200-day moving average is $3.85. The stock has a market capitalization of $542.79 million, a P/E ratio of -2.54 and a beta of 0.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.95. AlTi Global has a 12-month low of $2.75 and a 12-month high of $5.45.

Institutional Trading of AlTi Global

Several institutional investors and hedge funds have recently bought and sold shares of ALTI. Yorkville Advisors Global LP boosted its holdings in shares of AlTi Global by 45.1% in the fourth quarter. Yorkville Advisors Global LP now owns 649,199 shares of the basic materials company’s stock worth $3,012,000 after buying an additional 201,699 shares during the period. Geode Capital Management LLC raised its holdings in shares of AlTi Global by 15.2% during the second quarter. Geode Capital Management LLC now owns 1,298,545 shares of the basic materials company’s stock valued at $5,390,000 after acquiring an additional 170,951 shares during the period. State Street Corp lifted its position in shares of AlTi Global by 8.4% in the 4th quarter. State Street Corp now owns 776,258 shares of the basic materials company’s stock valued at $3,602,000 after acquiring an additional 60,177 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of AlTi Global in the 3rd quarter valued at approximately $126,000. Finally, Dimensional Fund Advisors LP lifted its position 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 acquiring an additional 30,878 shares in the last quarter. Institutional investors and hedge funds own 3.57% of the company’s stock.

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.