AlTi Global’s (ALTI) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d-) rating on shares of AlTi Global (NASDAQ:ALTI) in a research note published on Friday morning,Weiss Ratings reports.

Separately, Zacks Research raised AlTi Global from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

AlTi Global Trading Up 1.6%

Shares of ALTI opened at $3.83 on Friday. The firm’s 50-day moving average price is $3.89 and its 200-day moving average price is $3.82. The firm has a market capitalization of $561.67 million, a price-to-earnings ratio of -2.13 and a beta of 0.76. AlTi Global has a 1-year low of $2.33 and a 1-year high of $5.00.

AlTi Global (NASDAQ:ALTI) last released its quarterly earnings results on Thursday, April 20th. The basic materials company reported ($0.11) earnings per share (EPS) for the quarter. AlTi Global had a negative return on equity of 0.32% and a negative net margin of 66.10%.The company had revenue of ($18.58) million during the quarter. On average, research analysts forecast that AlTi Global will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On AlTi Global

Several large investors have recently made changes to their positions in ALTI. Geode Capital Management LLC boosted its position in shares of AlTi Global by 15.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,298,545 shares of the basic materials company’s stock worth $5,390,000 after purchasing an additional 170,951 shares in the last quarter. Nuveen LLC purchased a new position in AlTi Global during the first quarter valued at $158,000. Invesco Ltd. boosted its holdings in AlTi Global by 262.9% in the first quarter. Invesco Ltd. now owns 37,900 shares of the basic materials company’s stock worth $115,000 after acquiring an additional 27,455 shares in the last quarter. Flputnam Investment Management Co. bought a new stake in AlTi Global in the first quarter worth $76,000. Finally, AQR Capital Management LLC purchased a new stake in shares of AlTi Global in the first quarter worth $42,000. 3.57% of the stock is currently owned by hedge funds and other institutional investors.

AlTi Global Company Profile

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.