AlTi Global (NASDAQ:ALTI) Reaches New 1-Year Low – What’s Next?

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

AlTi Global Stock Down 1.7 %

The stock has a market capitalization of $482.40 million, a PE ratio of -1.97 and a beta of 0.73. The firm’s fifty day moving average is $3.87 and its 200-day moving average is $4.07. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in AlTi Global by 58.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 432,617 shares of the basic materials company’s stock worth $1,618,000 after purchasing an additional 159,357 shares in the last quarter. Geode Capital Management LLC raised its holdings in AlTi Global by 41.9% during the third quarter. Geode Capital Management LLC now owns 1,080,189 shares of the basic materials company’s stock worth $4,041,000 after purchasing an additional 318,860 shares in the last quarter. State Street Corp increased 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in AlTi Global by 16.9% in the third quarter. JPMorgan Chase & Co. now owns 27,092 shares of the basic materials company’s stock valued at $101,000 after buying an additional 3,925 shares in the last quarter. Finally, Barclays PLC increased its holdings 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 buying an additional 32,269 shares in the last quarter. 3.57% of the stock is owned by hedge funds and other institutional investors.

About AlTi Global

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.