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AlTi Global (NASDAQ:ALTI) Reaches New 1-Year Low - Should You Sell?

AlTi Global logo with Finance background

Shares of AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $3.15 and last traded at $3.57, with a volume of 146604 shares traded. The stock had previously closed at $3.37.

AlTi Global Stock Performance

The stock has a market cap of $497.08 million, a price-to-earnings ratio of -2.04 and a beta of 0.71. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $3.90 and a 200-day simple moving average of $4.08.

Hedge Funds Weigh In On AlTi Global

Several hedge funds have recently added to or reduced their stakes in ALTI. CV Advisors LLC bought a new stake in AlTi Global during the 3rd quarter worth about $85,000. Charles Schwab Investment Management Inc. grew its position in shares of AlTi Global by 58.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 432,617 shares of the basic materials company's stock worth $1,618,000 after buying an additional 159,357 shares during the period. MetLife Investment Management LLC raised its stake in shares of AlTi Global by 129.1% during the third quarter. MetLife Investment Management LLC now owns 21,002 shares of the basic materials company's stock worth $79,000 after buying an additional 11,834 shares during the last quarter. State Street Corp lifted its holdings in AlTi Global by 5.6% in the third quarter. State Street Corp now owns 540,213 shares of the basic materials company's stock valued at $2,020,000 after buying an additional 28,689 shares during the period. Finally, Barclays PLC boosted its stake in AlTi Global by 264.8% in the third quarter. Barclays PLC now owns 44,457 shares of the basic materials company's stock valued at $167,000 after acquiring an additional 32,269 shares during the last quarter. 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, 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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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