Geode Capital Management LLC Grows Stock Position in AlTi Global, Inc. (NASDAQ:ALTI)

Geode Capital Management LLC lifted its stake in shares of AlTi Global, Inc. (NASDAQ:ALTI - Free Report) by 41.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,080,189 shares of the basic materials company's stock after buying an additional 318,860 shares during the quarter. Geode Capital Management LLC owned about 0.77% of AlTi Global worth $4,041,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ALTI. AlTi Global Inc. increased its position in AlTi Global by 1.5% during the second quarter. AlTi Global Inc. now owns 772,186 shares of the basic materials company's stock worth $4,023,000 after buying an additional 11,216 shares during the period. MetLife Investment Management LLC grew its position 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 acquiring an additional 11,834 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of AlTi Global in the 2nd quarter valued at $76,000. SG Americas Securities LLC purchased a new stake in AlTi Global in the 3rd quarter valued at $63,000. Finally, Rhumbline Advisers boosted its stake in AlTi Global by 109.2% during the 2nd quarter. Rhumbline Advisers now owns 37,443 shares of the basic materials company's stock worth $195,000 after purchasing an additional 19,547 shares during the period. Institutional investors and hedge funds own 3.57% of the company's stock.

AlTi Global Stock Performance

AlTi Global stock traded down $0.18 during midday trading on Monday, hitting $4.22. 53,018 shares of the company's stock were exchanged, compared to its average volume of 74,139. The firm's 50 day simple moving average is $4.43 and its 200 day simple moving average is $4.32. AlTi Global, Inc. has a 12-month low of $3.47 and a 12-month high of $7.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.05 and a current ratio of 4.05. The stock has a market cap of $590.07 million, a price-to-earnings ratio of -2.41 and a beta of 0.73.

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.