AlTi Global (NASDAQ:ALTI) Shares Gap Up to $5.31

AlTi Global, Inc. (NASDAQ:ALTI) gapped up before the market opened on Thursday . The stock had previously closed at $5.31, but opened at $5.54. AlTi Global shares last traded at $5.60, with a volume of 4,591 shares changing hands.

Analysts Set New Price Targets

Separately, Raymond James raised shares of AlTi Global from a “market perform” rating to a “strong-buy” rating and set a $9.00 price objective for the company in a report on Thursday, January 25th.

AlTi Global Stock Up 6.6 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.68. The business’s fifty day simple moving average is $5.98 and its two-hundred day simple moving average is $6.88. The company has a market cap of $667.82 million, a PE ratio of -1.77 and a beta of 0.62.

Institutional Trading of AlTi Global

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. increased its stake in shares of AlTi Global by 50.8% during the second quarter. Citigroup Inc. now owns 6,774 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 2,281 shares in the last quarter. California State Teachers Retirement System grew its stake in AlTi Global by 15.1% during the 4th quarter. California State Teachers Retirement System now owns 28,956 shares of the basic materials company’s stock valued at $254,000 after acquiring an additional 3,805 shares in the last quarter. Swiss National Bank grew its stake in AlTi Global by 9.4% during the 4th quarter. Swiss National Bank now owns 55,867 shares of the basic materials company’s stock valued at $489,000 after acquiring an additional 4,800 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in AlTi Global during the 1st quarter valued at about $63,000. Finally, Northern Trust Corp grew its stake in AlTi Global by 3.3% during the 3rd quarter. Northern Trust Corp now owns 192,938 shares of the basic materials company’s stock valued at $1,343,000 after acquiring an additional 6,100 shares in the last quarter. Hedge funds and other institutional investors own 3.57% of the company’s stock.

About AlTi Global

AlTi Global, Inc provides wealth and asset management services individuals, families, foundations, and institutions in the United States and internationally. The company offers discretionary investment management, non-discretionary investment advisory, trust, and administration services, as well as family office services comprising wealth transfer planning, multi-generational education planning, wealth and asset strategy, trust and fiduciary, chief financial officers and outsourced family office, philanthropy, and lifestyle and special projects services.