Barclays PLC Raises Position in Alto Ingredients, Inc. (NASDAQ:ALTO)

Barclays PLC increased its stake in Alto Ingredients, Inc. (NASDAQ:ALTO) by 123.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,703 shares of the company’s stock after acquiring an additional 42,450 shares during the period. Barclays PLC’s holdings in Alto Ingredients were worth $123,000 at the end of the most recent reporting period.

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

Alto Ingredients Price Performance

ALTO stock opened at $1.68 on Friday. The business has a 50 day moving average price of $1.56 and a 200 day moving average price of $1.56. 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 stock has a market cap of $128.77 million, a price-to-earnings ratio of -3.23 and a beta of 1.87. Alto Ingredients, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $2.40.

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

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.