AlTi Global (NASDAQ:ALTI) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

AlTi Global, Inc. (NASDAQ:ALTI)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.16 and traded as high as $4.43. AlTi Global shares last traded at $4.40, with a volume of 98,205 shares changing hands.

Analyst Upgrades and Downgrades

ALTI has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of AlTi Global in a research report on Wednesday. Zacks Research raised shares of AlTi Global from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce”.

AlTi Global Stock Up 0.9%

The stock has a fifty day moving average of $4.41 and a two-hundred day moving average of $4.16. The stock has a market cap of $645.26 million, a price-to-earnings ratio of -2.43 and a beta of 0.75.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ALTI. JPMorgan Chase & Co. grew its stake in AlTi Global by 149.8% during the third quarter. JPMorgan Chase & Co. now owns 50,238 shares of the basic materials company’s stock worth $179,000 after buying an additional 30,125 shares during the period. Yorkville Advisors Global LP acquired a new position in shares of AlTi Global during the 3rd quarter valued at $1,593,000. Millennium Management LLC purchased a new stake in AlTi Global during the 3rd quarter worth $91,000. Citadel Advisors LLC acquired a new stake in AlTi Global in the 3rd quarter valued at $126,000. Finally, Brevan Howard Capital Management LP raised its position in AlTi Global by 42.5% in the third quarter. Brevan Howard Capital Management LP now owns 39,327 shares of the basic materials company’s stock valued at $138,000 after purchasing an additional 11,727 shares during the period. Hedge funds and other institutional investors own 3.57% of the company’s stock.

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. 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.