AlTi Global (NASDAQ:ALTI) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of AlTi Global, Inc. (NASDAQ:ALTI) saw an uptick in trading volume on Tuesday . 246,065 shares were traded during trading, an increase of 312% from the previous session’s volume of 59,765 shares.The stock last traded at $4.07 and had previously closed at $4.22.

AlTi Global Stock Down 0.2 %

The firm has a market cap of $588.67 million, a PE ratio of -2.41 and a beta of 0.73. 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 company’s 50-day simple moving average is $4.43 and its two-hundred day simple moving average is $4.32.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position 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 worth $4,041,000 after purchasing an additional 318,860 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in AlTi Global by 58.3% in 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 buying an additional 159,357 shares during the period. Bank of New York Mellon Corp boosted its position in AlTi Global by 89.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 106,440 shares of the basic materials company’s stock valued at $555,000 after acquiring an additional 50,379 shares in the last quarter. Barclays PLC grew its holdings in shares of AlTi Global by 264.8% during the 3rd quarter. Barclays PLC now owns 44,457 shares of the basic materials company’s stock worth $167,000 after acquiring an additional 32,269 shares during the period. Finally, State Street Corp grew its holdings in shares of AlTi Global by 5.6% during the 3rd quarter. State Street Corp now owns 540,213 shares of the basic materials company’s stock worth $2,020,000 after acquiring an additional 28,689 shares during the period. 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, 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.