Charles Schwab Investment Management Inc. Cuts Position in Alto Ingredients, Inc. (NASDAQ:ALTO)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) by 48.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 730,878 shares of the company’s stock after selling 684,570 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Alto Ingredients were worth $1,140,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ALTO. SBI Securities Co. Ltd. purchased a new position in shares of Alto Ingredients in the 4th quarter valued at $54,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings 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. Barclays PLC increased its holdings in Alto Ingredients by 123.9% in the 3rd quarter. Barclays PLC now owns 76,703 shares of the company’s stock valued at $123,000 after purchasing an additional 42,450 shares in the last quarter. Virtu Financial LLC purchased a new position in Alto Ingredients in the third quarter valued at about $139,000. Finally, Marquette Asset Management LLC acquired a new position in shares of Alto Ingredients during the fourth quarter worth about $213,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Alto Ingredients Stock Down 4.9 %

Shares of NASDAQ:ALTO opened at $1.17 on Monday. The company has a market capitalization of $89.64 million, a price-to-earnings ratio of -2.25 and a beta of 1.73. The company has a 50 day moving average of $1.52 and a two-hundred day moving average of $1.57. Alto Ingredients, Inc. has a 52-week low of $1.15 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.

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.