AlTi Global (NASDAQ:ALTI) Shares Down 6.5%

AlTi Global, Inc. (NASDAQ:ALTIGet Free Report)’s share price was down 6.5% on Tuesday . The company traded as low as $5.28 and last traded at $5.29. Approximately 39,707 shares traded hands during trading, a decline of 67% from the average daily volume of 121,612 shares. The stock had previously closed at $5.66.

Analyst Ratings Changes

Separately, Raymond James raised shares of AlTi Global from a “market perform” rating to a “strong-buy” rating and set a $9.00 price target on the stock in a report on Thursday, January 25th.

Get Our Latest Stock Report on ALTI

AlTi Global Stock Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.84 and a current ratio of 0.84. The business has a 50-day moving average price of $5.92 and a 200 day moving average price of $6.81.

Hedge Funds Weigh In On AlTi Global

Large investors have recently modified their holdings of the business. Citigroup Inc. lifted its stake in shares of AlTi Global by 50.8% during the 2nd quarter. Citigroup Inc. now owns 6,774 shares of the basic materials company’s stock valued at $52,000 after buying an additional 2,281 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of AlTi Global during the third quarter worth $57,000. Cubist Systematic Strategies LLC bought a new position in shares of AlTi Global in the first quarter worth $63,000. Wells Fargo & Company MN boosted its holdings in shares of AlTi Global by 5,430.2% in the second quarter. Wells Fargo & Company MN now owns 8,793 shares of the basic materials company’s stock worth $67,000 after acquiring an additional 8,634 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of AlTi Global in the fourth quarter valued at $91,000. Hedge funds and other institutional investors own 3.57% of the company’s stock.

About AlTi Global

(Get Free Report)

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States and internationally. The company offers discretionary investment management, non-discretionary investment advisory, trust, and administration services, as well as family office services comprising wealth transfer planning, multi-generational education planning, wealth and asset strategy, trust and fiduciary, chief financial officers and outsourced family office, philanthropy, and lifestyle and special projects services.

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