AlTi Global (NASDAQ:ALTI) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of AlTi Global, Inc. (NASDAQ:ALTI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.07 and traded as high as $5.20. AlTi Global shares last traded at $4.8150, with a volume of 106,378 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ALTI shares. Zacks Research upgraded AlTi Global from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of AlTi Global in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

AlTi Global Stock Down 4.7%

The firm has a market cap of $706.12 million, a price-to-earnings ratio of -2.66 and a beta of 0.77. The company’s fifty day moving average is $4.09 and its 200 day moving average is $4.07.

AlTi Global (NASDAQ:ALTI) last issued its quarterly earnings results on Thursday, April 20th. The basic materials company reported ($0.11) EPS for the quarter. The business had revenue of ($18.58) million for the quarter. AlTi Global had a negative return on equity of 6.77% and a negative net margin of 71.93%. On average, equities research analysts forecast that AlTi Global, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On AlTi Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its holdings in shares of 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 valued at $31,000 after buying an additional 4,581 shares during the last quarter. Tower Research Capital LLC TRC raised its position in AlTi Global by 158.4% during the second quarter. Tower Research Capital LLC TRC now owns 9,644 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 5,912 shares in the last quarter. AQR Capital Management LLC acquired a new stake in AlTi Global in the first quarter valued at $42,000. The Manufacturers Life Insurance Company grew its position in shares of 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 valued at $75,000 after acquiring an additional 3,679 shares during the period. Finally, Flputnam Investment Management Co. bought a new position in shares of AlTi Global in the 1st quarter valued at about $76,000. 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.