AlTi Global (NASDAQ:ALTI) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

AlTi Global, Inc. (NASDAQ:ALTI)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.21 and traded as high as $4.67. AlTi Global shares last traded at $4.63, with a volume of 238,073 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AlTi Global in a research report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

AlTi Global Stock Performance

The company has a market cap of $678.99 million, a PE ratio of -2.56 and a beta of 0.75. The company’s 50 day moving average price is $4.53 and its 200-day moving average price is $4.21.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ALTI. BNP Paribas Financial Markets increased its holdings in AlTi Global by 110.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,729 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 4,581 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of AlTi Global by 158.4% in the second quarter. Tower Research Capital LLC TRC now owns 9,644 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 5,912 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of AlTi Global in the first quarter valued at approximately $42,000. XTX Topco Ltd purchased a new stake in shares of AlTi Global during the 4th quarter valued at approximately $63,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in AlTi Global by 25.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,157 shares of the basic materials company’s stock worth $75,000 after buying an additional 3,679 shares during the period. 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. It also provides trust and administration services, such as entity formation and management; creating or modifying trust instruments and administrative practices to meet beneficiary needs; corporate, trustee-executor, and fiduciary services; provision of directors and company secretarial services; administering entity ownership of intellectual property rights; advisory and administration services in connection with investments in marine and aviation assets; and administering entity ownership of fine art and collectibles.