Charles Schwab Investment Management Inc. Sells 674,376 Shares of Alto Ingredients, Inc. (NASDAQ:ALTO)

Charles Schwab Investment Management Inc. reduced its position in shares of Alto Ingredients, Inc. (NASDAQ:ALTO - Free Report) by 32.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,415,448 shares of the company's stock after selling 674,376 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.85% of Alto Ingredients worth $2,279,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its position in Alto Ingredients by 137.7% in the third 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 during the last quarter. Marshall Wace LLP bought a new position in Alto Ingredients in the 2nd quarter valued at approximately $202,000. Empowered Funds LLC boosted its position in Alto Ingredients by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 241,977 shares of the company's stock worth $390,000 after buying an additional 12,328 shares during the period. GSA Capital Partners LLP grew its holdings in 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 during the last quarter. Finally, Panagora Asset Management Inc. acquired a new position in Alto Ingredients in the 2nd quarter valued at approximately $400,000. 42.44% of the stock is currently owned by institutional investors.

Alto Ingredients Trading Down 2.1 %

NASDAQ:ALTO traded down $0.03 during trading hours on Monday, hitting $1.43. 497,497 shares of the company were exchanged, compared to its average volume of 601,643. The stock has a market capitalization of $109.61 million, a price-to-earnings ratio of -2.81 and a beta of 1.91. Alto Ingredients, Inc. has a one year low of $1.18 and a one year high of $3.00. The company has a fifty day simple moving average of $1.57 and a 200 day simple moving average of $1.51. The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.32.

Alto Ingredients (NASDAQ:ALTO - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.06). The company had revenue of $251.81 million during the quarter, compared to analyst estimates of $274.94 million. Alto Ingredients had a negative return on equity of 11.22% and a negative net margin of 3.61%. During the same period in the prior year, the firm earned ($0.05) earnings per share. Sell-side analysts expect 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.