Charles Schwab Investment Management Inc. reduced its stake in shares of Alto Ingredients, Inc. (NASDAQ:ALTO - Free Report) by 48.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 730,878 shares of the company's stock after selling 684,570 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.95% of Alto Ingredients worth $1,140,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of ALTO. Peapod Lane Capital LLC bought a new stake in Alto Ingredients during the 4th quarter valued at $1,465,000. Jane Street Group LLC raised its stake in shares of Alto Ingredients by 101.2% during the third quarter. Jane Street Group LLC now owns 289,604 shares of the company's stock valued at $466,000 after acquiring an additional 145,687 shares during the last quarter. Marquette Asset Management LLC bought a new position in shares of Alto Ingredients during the fourth quarter valued at about $213,000. Virtu Financial LLC purchased a new stake in shares of Alto Ingredients during the third quarter worth about $139,000. Finally, Barclays PLC grew its stake in shares of Alto Ingredients by 123.9% in the third quarter. Barclays PLC now owns 76,703 shares of the company's stock worth $123,000 after purchasing an additional 42,450 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.
Alto Ingredients Trading Down 8.0 %
NASDAQ:ALTO traded down $0.09 during trading hours on Thursday, hitting $1.03. The company had a trading volume of 791,032 shares, compared to its average volume of 606,157. 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 stock has a 50-day moving average price of $1.47 and a 200 day moving average price of $1.56. The company has a market capitalization of $78.91 million, a PE ratio of -1.98 and a beta of 1.73. Alto Ingredients, Inc. has a 52 week low of $1.01 and a 52 week high of $2.40.
Analyst Ratings Changes
Separately, HC Wainwright reiterated a "buy" rating and issued a $5.50 price objective on shares of Alto Ingredients in a report on Thursday, March 6th.
Read Our Latest Analysis on Alto Ingredients
Alto Ingredients Company Profile
(
Free Report)
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.
Further Reading
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