Shares of AlTi Global, Inc. (NASDAQ:ALTI - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.71 and traded as high as $3.74. AlTi Global shares last traded at $3.68, with a volume of 64,009 shares traded.
Analysts Set New Price Targets
Separately, Zacks Research raised shares of AlTi Global to a "strong sell" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Sell".
Read Our Latest Research Report on ALTI
AlTi Global Stock Down 0.3%
The firm's 50-day moving average price is $4.17 and its 200-day moving average price is $3.71. The company has a market cap of $539.67 million, a P/E ratio of -2.04 and a beta of 0.81.
Institutional Trading of AlTi Global
Several hedge funds and other institutional investors have recently modified their holdings of ALTI. BNP Paribas Financial Markets bought a new stake in shares of AlTi Global in the fourth quarter valued at approximately $25,000. Tower Research Capital LLC TRC increased its holdings in AlTi Global by 158.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,644 shares of the basic materials company's stock worth $40,000 after acquiring an additional 5,912 shares during the period. AQR Capital Management LLC bought a new stake in AlTi Global during the 1st quarter worth approximately $42,000. The Manufacturers Life Insurance Company increased its holdings in AlTi Global by 25.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,157 shares of the basic materials company's stock worth $75,000 after acquiring an additional 3,679 shares during the period. Finally, Flputnam Investment Management Co. bought a new stake in AlTi Global during the 1st quarter worth approximately $76,000. Institutional investors own 3.57% of the company's stock.
AlTi Global Company Profile
(
Get Free Report)
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.
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