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

AlTi Global, Inc. (NASDAQ:ALTI)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.19 and traded as high as $4.56. AlTi Global shares last traded at $4.42, with a volume of 67,640 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of AlTi Global in a report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

AlTi Global Trading Down 3.1%

The company has a market cap of $648.19 million, a P/E ratio of -2.44 and a beta of 0.75. The business has a 50 day moving average price of $4.56 and a 200-day moving average price of $4.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Allianz SE increased its stake in shares of AlTi Global by 7.9% during the 3rd quarter. Allianz SE now owns 20,841,870 shares of the basic materials company’s stock worth $74,197,000 after purchasing an additional 1,523,289 shares during the last quarter. Geode Capital Management LLC grew its holdings in AlTi Global by 15.2% during the second quarter. Geode Capital Management LLC now owns 1,298,545 shares of the basic materials company’s stock worth $5,390,000 after purchasing an additional 170,951 shares during the period. Yorkville Advisors Global LP acquired a new position in AlTi Global during the third quarter worth approximately $1,593,000. George Kaiser Family Foundation bought a new stake in AlTi Global in the third quarter valued at approximately $1,039,000. Finally, Prescott Group Capital Management L.L.C. acquired a new stake in shares of AlTi Global in the third quarter valued at approximately $1,039,000. 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. 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.