The cluster is backward-looking (Q3 2024), but the magnitude of selling from multiple active managers outweighs buying by roughly 2:1 in dollar terms. With 89% analyst bullishness, the divergence between smart-money selling and sell-side sentiment warrants caution. Watch for Q4 2024 13F filings (due Feb 14, 2025) to see if selling continued or reversed, and monitor for any earnings catalyst that could break the deadlock.
Executive Summary
A mixed institutional cluster for ALTG reveals 5 buyers adding $989K (led by Citadel doubling its stake to $1.9M) against 7 sellers reducing $2.2M (led by Marshall Wace trimming $817K and Invesco cutting $623K). The net flow is negative (-$1.2M), but Citadel's large contrarian accumulation introduces a bullish counterweight, especially given 89% analyst bullishness.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$1.2M
▲ Buyers (5)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Citadel (quant) | DOUBLED | +137.4% | $1.9M | $954.0K |
| Tudor Investment Corp Et Al | ADD | +34.7% | $229.0K | $26.0K |
▼ Sellers (7)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Marshall Wace | TRIM | -70.1% | $1.1M | -$816.6K |
| Invesco | TRIM | -45.1% | $1.2M | -$622.8K |
| Russell Investments Group | TRIM | -53% | $856.0K | -$518.5K |
| State Of Wisconsin Investment | TRIM | -50.8% | $323.0K | -$189.7K |
Key Facts
- 5 institutional buyers added $989K in new holdings, led by Citadel doubling to $1.9M
- 7 institutional sellers reduced holdings by $2.2M, with Marshall Wace trimming $817K and Invesco cutting $623K
- Net institutional flow: -$1.23M, with selling more than double buying in dollar terms
- Buyers are all active managers (Citadel, Tudor, Mirae, Nisa, Cwm); sellers include passive Invesco and active managers
- Analyst consensus is 89% bullish (8 Buy, 1 Hold), contrasting with the net selling pattern
Financial Impact
Net institutional selling of approximately $1.23M during Q3 2024, with aggregate buyer holdings of $2.2M and aggregate seller reductions of $2.2M
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound by now
- Selling volume is substantially larger than buying, suggesting net bearish institutional positioning
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-ALTG-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 25d ago | 8-K | $6.48 $6.45 | ▼ −0.46% | ▼ −1.14% | — |
Oct 2, 2026 25d ago | Press Release | $6.48 $6.45 | ▼ −0.46% | ▼ −1.14% | — |
Aug 25, 2026 9w ago | Institutional Cluster | $6.19 $6.20 | ▲ +0.16% | ▲ +0.14% | — |
Jul 2, 2026 16w ago | 8-K / PRESS-RELEASE | $6.19 $6.48 | ▲ +4.68% | ▲ +3.81% | — |
Jun 11, 2026 19w ago | Institutional Cluster | $7.05 $7.12 | ▲ +0.99% | ▼ −0.77% | — |
May 13, 2026 23w ago | EFFECT | $25.06 $25.20 | ▲ +0.57% | ▼ −0.21% | — |
May 7, 2026 24w ago | 8-K | $25.22 $25.02 | ▲ +0.79% | ▲ +1.02% | — |
Apr 15, 2026 27w ago | DEFA14A | $24.92 $24.92 | · 0.00% | ▼ −1.21% | — |
Apr 3, 2026 29w ago | 8-K | $24.58 $24.57 | ▼ −0.06% | ▼ −0.12% | — |
Apr 3, 2026 29w ago | Press Release | $5.38 $5.25 | ▼ −2.42% | ▼ −2.48% | — |
US Market Status
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