AlTi Global (NASDAQ:ALTI) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

AlTi Global, Inc. (NASDAQ:ALTI) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of AlTi Global in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

AlTi Global Stock Performance

The firm’s 50-day moving average price is $4.53 and its 200 day moving average price is $4.21. The company has a market cap of $679.00 million, a price-to-earnings ratio of -2.56 and a beta of 0.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ALTI. AQR Capital Management LLC lifted its stake in AlTi Global by 8.2% in the fourth quarter. AQR Capital Management LLC now owns 37,424 shares of the basic materials company’s stock valued at $174,000 after buying an additional 2,824 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in AlTi Global by 15.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,280 shares of the basic materials company’s stock valued at $97,000 after purchasing an additional 3,109 shares during the period. The Manufacturers Life Insurance Company increased its stake in 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 in the last quarter. BNP Paribas Financial Markets raised its holdings in AlTi Global by 110.4% in the third quarter. BNP Paribas Financial Markets now owns 8,729 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 4,581 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of AlTi Global by 8.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 63,707 shares of the basic materials company’s stock worth $296,000 after purchasing an additional 5,178 shares in the last quarter. 3.57% of the stock is currently owned by institutional investors.

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. 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.