Alto Ingredients, Inc. (NASDAQ:ALTO) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its position in Alto Ingredients, Inc. (NASDAQ:ALTO) by 5.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 370,852 shares of the company’s stock after acquiring an additional 19,104 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.48% of Alto Ingredients worth $597,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings in Alto Ingredients by 53.4% during the second quarter. Renaissance Technologies LLC now owns 1,677,121 shares of the company’s stock worth $2,423,000 after purchasing an additional 583,967 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in Alto Ingredients by 9.0% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,125,552 shares of the company’s stock worth $1,812,000 after acquiring an additional 93,054 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in Alto Ingredients in the second quarter valued at $400,000. GSA Capital Partners LLP grew its holdings in shares of Alto Ingredients by 100.5% during the third quarter. GSA Capital Partners LLP now owns 247,676 shares of the company’s stock worth $399,000 after purchasing an additional 124,163 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Alto Ingredients by 5.4% during the third quarter. Empowered Funds LLC now owns 241,977 shares of the company’s stock worth $390,000 after purchasing an additional 12,328 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Alto Ingredients Stock Down 1.4 %

Alto Ingredients stock opened at $1.46 on Friday. The stock has a 50-day simple moving average of $1.57 and a 200-day simple moving average of $1.51. The company has a market capitalization of $111.90 million, a P/E ratio of -2.81 and a beta of 1.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.15 and a current ratio of 3.22. Alto Ingredients, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $3.00.

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