Alto Ingredients, Inc. (NASDAQ:ALTO) Shares Purchased by Barclays PLC

Barclays PLC grew its position in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) by 16.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 89,072 shares of the company’s stock after purchasing an additional 12,369 shares during the quarter. Barclays PLC’s holdings in Alto Ingredients were worth $139,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Alto Ingredients by 78.6% during the 4th quarter. JPMorgan Chase & Co. now owns 18,109 shares of the company’s stock worth $28,000 after buying an additional 7,968 shares during the period. Geode Capital Management LLC grew its stake in shares of Alto Ingredients by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 893,951 shares of the company’s stock worth $1,395,000 after acquiring an additional 8,435 shares during the last quarter. Empowered Funds LLC boosted its stake in Alto Ingredients by 4.9% during the fourth quarter. Empowered Funds LLC now owns 253,926 shares of the company’s stock worth $396,000 after buying an additional 11,949 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Alto Ingredients in the 4th quarter valued at $54,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Alto Ingredients by 154.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,822 shares of the company’s stock valued at $234,000 after buying an additional 91,034 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and set a $5.50 target price on shares of Alto Ingredients in a research report on Thursday, March 6th.

Alto Ingredients Trading Down 5.3%

Shares of Alto Ingredients stock opened at $0.82 on Wednesday. The business has a fifty day simple moving average of $1.02 and a two-hundred day simple moving average of $1.39. Alto Ingredients, Inc. has a 1 year low of $0.76 and a 1 year high of $2.05. The company has a market capitalization of $62.67 million, a price-to-earnings ratio of -1.57 and a beta of 1.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.22 and a quick ratio of 2.15.

Alto Ingredients (NASDAQ:ALTO) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). Alto Ingredients had a negative return on equity of 11.22% and a negative net margin of 3.61%. The company had revenue of $226.54 million during the quarter, compared to the consensus estimate of $222.19 million. Research analysts forecast that Alto Ingredients, Inc. will post -0.37 EPS for the current year.

About Alto Ingredients

Alto Ingredients, Inc produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States. The company operates in three segments: Marketing and Distribution, Pekin Campus Production, and Western Production. It offers specialty alcohols used in mouthwash, cosmetics, pharmaceuticals, hand sanitizers, disinfectants, and cleaners for health, home, and beauty markets; grain neutral spirits used in alcoholic beverages and vinegar, as well as corn germ used in corn oils in the food and beverage markets; alcohols and other products for paint applications and fertilizers in the industrial and agriculture markets; and essential ingredients include dried yeast, corn protein meal, corn protein feed, distiller's grains, and liquid feed for commercial animal feed and pet food applications, as well as yeast for human consumption.