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

Key Points

• AlTi Global's stock price recently crossed above its **200-day moving average** of $3.70, trading at **$3.92** with a volume of **132,610 shares**.
• Analyst ratings for AlTi Global show a consensus of **"Sell,"** with Zacks Research downgrading the stock to a **"strong sell"** and Wall Street Zen upgrading it to a **"hold."**
• Institutional investors have shown increased interest in AlTi Global, with firms like Tower Research Capital boosting their positions by over **158%** in recent months.

AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.70 and traded as high as $3.95. AlTi Global shares last traded at $3.92, with a volume of 132,610 shares traded.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised AlTi Global to a "strong sell" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell".

AlTi Global Stock Performance

The company has a market cap of $569.00 million, a PE ratio of -2.16 and a beta of 0.81. The firm's 50 day moving average is $4.22 and its 200-day moving average is $3.70.

Institutional Investors Weigh In On AlTi Global

Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new position in AlTi Global during the 4th quarter worth approximately $25,000. Tower Research Capital LLC TRC increased its position in AlTi Global by 158.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,644 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 5,912 shares during the period. AQR Capital Management LLC purchased a new position in AlTi Global in the 1st quarter valued at $42,000. The Manufacturers Life Insurance Company raised its holdings in AlTi Global by 25.4% during the second 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. Finally, Flputnam Investment Management Co. purchased a new stake in shares of AlTi Global in the first quarter valued at approximately $76,000. 3.57% of the stock is owned by hedge funds and other institutional investors.

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.