Alto Ingredients (NASDAQ:ALTO) Earns Buy Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Alto Ingredients (NASDAQ:ALTO) in a report published on Thursday morning,Benzinga reports. They currently have a $5.50 price objective on the stock. HC Wainwright also issued estimates for Alto Ingredients’ Q1 2025 earnings at ($0.15) EPS, Q2 2025 earnings at ($0.09) EPS, Q3 2025 earnings at ($0.04) EPS, Q4 2025 earnings at $0.00 EPS and FY2026 earnings at $0.15 EPS.

Alto Ingredients Trading Down 4.5 %

Alto Ingredients stock opened at $1.50 on Thursday. The stock has a 50-day moving average price of $1.64 and a 200 day moving average price of $1.58. The company has a market capitalization of $114.97 million, a price-to-earnings ratio of -2.88 and a beta of 1.73. Alto Ingredients has a 52 week low of $1.18 and a 52 week high of $2.40. The company has a quick ratio of 2.15, a current ratio of 3.22 and a debt-to-equity ratio of 0.32.

Institutional Trading of Alto Ingredients

A number of hedge funds and other institutional investors have recently made changes to their positions in ALTO. Empowered Funds LLC boosted its holdings in Alto Ingredients by 4.9% in the fourth 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 last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Alto Ingredients by 5.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 370,852 shares of the company’s stock valued at $597,000 after buying an additional 19,104 shares during the period. Jane Street Group LLC boosted its stake in shares of Alto Ingredients by 101.2% in the third quarter. Jane Street Group LLC now owns 289,604 shares of the company’s stock worth $466,000 after buying an additional 145,687 shares during the last quarter. Barclays PLC grew its holdings in Alto Ingredients by 123.9% during the third quarter. Barclays PLC now owns 76,703 shares of the company’s stock worth $123,000 after acquiring an additional 42,450 shares during the period. Finally, Peapod Lane Capital LLC purchased a new position in Alto Ingredients during the fourth quarter valued at approximately $1,465,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

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.