Two Sigma Investments LP Increases Stock Position in Alto Ingredients, Inc. (NASDAQ:ALTO)

Two Sigma Investments LP lifted its holdings in Alto Ingredients, Inc. (NASDAQ:ALTO) by 30.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 158,259 shares of the company’s stock after purchasing an additional 36,583 shares during the period. Two Sigma Investments LP owned about 0.21% of Alto Ingredients worth $247,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Empowered Funds LLC lifted its position 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 worth $396,000 after purchasing an additional 11,949 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Alto Ingredients during the 4th quarter worth approximately $54,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Alto Ingredients by 154.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 149,822 shares of the company’s stock worth $234,000 after acquiring an additional 91,034 shares in the last quarter. Peapod Lane Capital LLC bought a new position in shares of Alto Ingredients during the 4th quarter worth approximately $1,465,000. Finally, Northern Trust Corp raised its stake in shares of Alto Ingredients by 27.4% during the 4th quarter. Northern Trust Corp now owns 226,928 shares of the company’s stock worth $354,000 after acquiring an additional 48,768 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Alto Ingredients Trading Up 5.4%

NASDAQ ALTO opened at $1.17 on Thursday. 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 has a market cap of $89.64 million, a PE ratio of -2.25 and a beta of 1.32. The company has a 50 day moving average price of $0.90 and a 200 day moving average price of $1.31. Alto Ingredients, Inc. has a 52 week low of $0.76 and a 52 week high of $2.05.

Alto Ingredients (NASDAQ:ALTO) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $226.54 million for the quarter, compared to the consensus estimate of $222.19 million. As a group, sell-side analysts forecast that Alto Ingredients, Inc. will post -0.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Alto Ingredients Company 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.