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

Barclays PLC boosted its position in Alto Ingredients, Inc. (NASDAQ:ALTO) by 123.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,703 shares of the company’s stock after purchasing an additional 42,450 shares during the period. Barclays PLC’s holdings in Alto Ingredients were worth $123,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Alto Ingredients by 137.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,788 shares of the company’s stock valued at $95,000 after buying an additional 34,061 shares in the last quarter. Corsair Capital Management L.P. bought a new position in Alto Ingredients in the 3rd quarter worth approximately $142,000. Marshall Wace LLP bought a new position in Alto Ingredients in the 2nd quarter worth approximately $202,000. Empowered Funds LLC boosted its stake in Alto Ingredients by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 241,977 shares of the company’s stock worth $390,000 after purchasing an additional 12,328 shares during the period. Finally, GSA Capital Partners LLP boosted its stake in Alto Ingredients by 100.5% in the 3rd quarter. GSA Capital Partners LLP now owns 247,676 shares of the company’s stock worth $399,000 after purchasing an additional 124,163 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Alto Ingredients Trading Down 4.0 %

ALTO stock opened at $1.67 on Thursday. Alto Ingredients, Inc. has a 1-year low of $1.18 and a 1-year high of $2.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.22 and a quick ratio of 2.15. The company has a market capitalization of $128.00 million, a price-to-earnings ratio of -3.21 and a beta of 1.87. The business has a 50 day simple moving average of $1.53 and a two-hundred day simple moving average of $1.54.

Alto Ingredients (NASDAQ:ALTO) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.06). Alto Ingredients had a negative return on equity of 11.22% and a negative net margin of 3.61%. The business had revenue of $251.81 million during the quarter, compared to the consensus estimate of $274.94 million. During the same quarter in the previous year, the company earned ($0.05) earnings per share. Research analysts anticipate that Alto Ingredients, Inc. will post -0.37 EPS for the current fiscal 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.