Jane Street Group LLC Trims Stake in AlTi Global, Inc. (NASDAQ:ALTI)

Jane Street Group LLC lowered its stake in shares of AlTi Global, Inc. (NASDAQ:ALTI) by 53.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,112 shares of the basic materials company’s stock after selling 38,092 shares during the quarter. Jane Street Group LLC’s holdings in AlTi Global were worth $124,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of 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. State Street Corp boosted its position in shares of AlTi Global by 5.6% during the third quarter. State Street Corp now owns 540,213 shares of the basic materials company’s stock valued at $2,020,000 after purchasing an additional 28,689 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of AlTi Global by 89.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 106,440 shares of the basic materials company’s stock worth $555,000 after buying an additional 50,379 shares during the period. Rhumbline Advisers boosted its position in shares of AlTi Global by 109.2% in 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 in the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of AlTi Global by 129.1% in 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. Institutional investors own 3.57% of the company’s stock.

AlTi Global Price Performance

Shares of NASDAQ ALTI opened at $4.06 on Wednesday. The firm has a market cap of $567.69 million, a P/E ratio of -2.32 and a beta of 0.73. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.17. AlTi Global, Inc. has a twelve month low of $3.47 and a twelve month high of $7.38. The company has a 50 day moving average of $4.42 and a 200 day moving average of $4.28.

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.