AlTi Global (NASDAQ:ALTI) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

AlTi Global, Inc. (NASDAQ:ALTI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.75 and traded as high as $4.05. AlTi Global shares last traded at $3.90, with a volume of 106,650 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ALTI shares. Zacks Research downgraded AlTi Global from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AlTi Global in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

AlTi Global Stock Up 1.2%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s 50-day moving average price is $3.59 and its two-hundred day moving average price is $3.75. The stock has a market capitalization of $614.06 million, a PE ratio of -2.91 and a beta of 0.71.

Hedge Funds Weigh In On AlTi Global

Several large investors have recently made changes to their positions in the business. Yorkville Advisors Global LP increased its position in AlTi Global by 45.1% during the 4th quarter. Yorkville Advisors Global LP now owns 649,199 shares of the basic materials company’s stock valued at $3,012,000 after buying an additional 201,699 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in AlTi Global by 35.0% in the third quarter. Dimensional Fund Advisors LP now owns 52,162 shares of the basic materials company’s stock worth $186,000 after acquiring an additional 13,514 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in AlTi Global by 149.8% in the third quarter. JPMorgan Chase & Co. now owns 50,238 shares of the basic materials company’s stock worth $179,000 after acquiring an additional 30,125 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of 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 worth $174,000 after acquiring an additional 2,824 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in shares of AlTi Global during the fourth quarter valued at $139,000. 3.57% of the stock is currently owned by hedge funds and other 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.