Barclays PLC Increases Stake in Alto Ingredients, Inc. (NASDAQ:ALTO)

Barclays PLC boosted its holdings in Alto Ingredients, Inc. (NASDAQ:ALTO) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,072 shares of the company’s stock after purchasing an additional 12,369 shares during the quarter. Barclays PLC owned about 0.12% of Alto Ingredients worth $139,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Peapod Lane Capital LLC purchased a new stake in shares of Alto Ingredients in the fourth quarter worth $1,465,000. Marquette Asset Management LLC purchased a new position in shares of Alto Ingredients in the 4th quarter worth approximately $213,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Alto Ingredients by 154.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,822 shares of the company’s stock worth $234,000 after purchasing an additional 91,034 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Alto Ingredients during the 4th quarter valued at approximately $54,000. Finally, Empowered Funds LLC lifted its stake in shares of Alto Ingredients by 4.9% in the 4th quarter. Empowered Funds LLC now owns 253,926 shares of the company’s stock valued at $396,000 after purchasing an additional 11,949 shares during the period. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

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

Alto Ingredients Stock Down 5.3%

Shares of NASDAQ:ALTO opened at $0.82 on Wednesday. The stock has a market cap of $62.67 million, a price-to-earnings ratio of -1.57 and a beta of 1.56. Alto Ingredients, Inc. has a fifty-two week low of $0.76 and a fifty-two week high of $2.05. The company has a quick ratio of 2.15, a current ratio of 3.22 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average price is $1.02 and its 200 day moving average price is $1.39.

Alto Ingredients (NASDAQ:ALTO) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.01). The firm had revenue of $226.54 million for the quarter, compared to analysts’ expectations of $222.19 million. Alto Ingredients had a negative return on equity of 11.22% and a negative net margin of 3.61%. As a group, equities research analysts predict that Alto Ingredients, Inc. will post -0.37 earnings per share for the current fiscal year.

Alto Ingredients Profile

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.