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

AlTi Global, Inc. (NASDAQ:ALTI)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of AlTi Global in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

AlTi Global Trading Up 2.0%

The firm has a market cap of $678.99 million, a P/E ratio of -2.56 and a beta of 0.75. The company’s 50-day moving average is $4.53 and its two-hundred day moving average is $4.21.

Institutional Investors Weigh In On AlTi Global

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its stake in AlTi Global by 110.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,729 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 4,581 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of 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 valued at $40,000 after purchasing an additional 5,912 shares in the last quarter. XTX Topco Ltd bought a new position in shares of AlTi Global during the fourth quarter valued at about $63,000. AQR Capital Management LLC purchased a new position in AlTi Global during the first quarter worth about $42,000. Finally, The Manufacturers Life Insurance Company grew its position 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 purchasing an additional 3,679 shares in the last quarter. 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.