AlTi Global (NASDAQ:ALTI) Shares Cross Above 200 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) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of 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, According to MarketBeat, the stock currently has an average rating of "Sell".

AlTi Global Stock Down 1.8%

The company's 50-day simple moving average is $4.22 and its 200 day simple moving average is $3.70. The company has a market capitalization of $558.74 million, a P/E ratio of -2.12 and a beta of 0.81.

Institutional Trading of AlTi Global

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new position in shares of AlTi Global during the 4th quarter valued at about $25,000. Tower Research Capital LLC TRC boosted 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 purchasing an additional 5,912 shares during the period. AQR Capital Management LLC acquired a new position in AlTi Global during the first quarter valued at approximately $42,000. The Manufacturers Life Insurance Company raised its position in shares of AlTi Global by 25.4% in the second quarter. The Manufacturers Life Insurance Company now owns 18,157 shares of the basic materials company's stock valued at $75,000 after purchasing an additional 3,679 shares during the period. Finally, Flputnam Investment Management Co. acquired a new stake in shares of AlTi Global in the first quarter worth $76,000. Institutional investors and hedge funds 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.