AlTi Global (NASDAQ:ALTI) Reaches New 52-Week Low – Here’s Why

AlTi Global, Inc. (NASDAQ:ALTI) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $3.36 and last traded at $3.47, with a volume of 105134 shares trading hands. The stock had previously closed at $3.58.

AlTi Global Price Performance

The firm has a 50 day simple moving average of $4.19 and a two-hundred day simple moving average of $4.16. The company has a debt-to-equity ratio of 0.17, a quick ratio of 4.05 and a current ratio of 4.05.

Hedge Funds Weigh In On AlTi Global

Institutional investors have recently modified their holdings of the business. Allianz SE bought a new position in AlTi Global in the fourth quarter valued at about $85,581,000. Geode Capital Management LLC boosted its stake in shares of AlTi Global by 41.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,080,189 shares of the basic materials company’s stock valued at $4,041,000 after purchasing an additional 318,860 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 valued at $1,618,000 after purchasing an additional 159,357 shares during the last quarter. JPMorgan Chase & Co. increased its position in AlTi Global by 198.8% during the 4th quarter. JPMorgan Chase & Co. now owns 80,939 shares of the basic materials company’s stock worth $357,000 after purchasing an additional 53,847 shares in the last quarter. Finally, Barclays PLC lifted its stake in AlTi Global by 264.8% in the 3rd quarter. Barclays PLC now owns 44,457 shares of the basic materials company’s stock valued at $167,000 after purchasing an additional 32,269 shares during the last quarter. Institutional investors and hedge funds own 3.57% of the company’s stock.

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.