AlTi Global (NASDAQ:ALTI) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of AlTi Global, Inc. (NASDAQ:ALTI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.72 and traded as high as $4.04. AlTi Global shares last traded at $3.99, with a volume of 121,170 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Zacks Research cut 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 report on Friday, July 17th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

AlTi Global Stock Up 0.8%

The stock’s fifty day moving average price is $3.72 and its 200 day moving average price is $3.72. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.02. The stock has a market cap of $622.20 million, a P/E ratio of -2.87 and a beta of 0.71.

Hedge Funds Weigh In On AlTi Global

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Yorkville Advisors Global LP raised its holdings in shares of AlTi Global by 19.1% during the 1st quarter. Yorkville Advisors Global LP now owns 773,000 shares of the basic materials company’s stock valued at $2,798,000 after buying an additional 123,801 shares in the last quarter. Dimensional Fund Advisors LP grew its position in AlTi Global by 46.2% during the first quarter. Dimensional Fund Advisors LP now owns 97,681 shares of the basic materials company’s stock valued at $354,000 after acquiring an additional 30,878 shares during the last quarter. Simon Quick Advisors LLC purchased a new position in shares of AlTi Global during the first quarter worth approximately $94,000. XTX Topco Ltd purchased a new position in shares of AlTi Global during the fourth quarter worth approximately $63,000. Finally, AQR Capital Management LLC lifted its holdings in shares of AlTi Global by 8.2% in the 4th 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. 3.57% of the stock is currently 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. 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.