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

Charles Schwab Investment Management Inc. lessened its holdings in Alto Ingredients, Inc. (NASDAQ:ALTO) by 32.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,415,448 shares of the company’s stock after selling 674,376 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.85% of Alto Ingredients worth $2,279,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of ALTO. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of 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 worth $95,000 after buying an additional 34,061 shares during the period. Marshall Wace LLP purchased a new stake in shares of Alto Ingredients in the 2nd quarter worth $202,000. Empowered Funds LLC lifted its holdings in shares of Alto Ingredients by 5.4% in 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 lifted its holdings in shares of Alto Ingredients by 100.5% in the 3rd quarter. GSA Capital Partners LLP now owns 247,676 shares of the company’s stock worth $399,000 after buying an additional 124,163 shares during the period. Finally, Panagora Asset Management Inc. purchased a new stake in shares of Alto Ingredients in the 2nd quarter worth $400,000. Institutional investors own 42.44% of the company’s stock.

Alto Ingredients Trading Down 1.4 %

Shares of NASDAQ ALTO opened at $1.46 on Monday. 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 market capitalization of $111.90 million, a P/E ratio of -2.81 and a beta of 1.91. Alto Ingredients, Inc. has a 1-year low of $1.18 and a 1-year high of $3.00. The business has a fifty day moving average price of $1.57 and a 200 day moving average price of $1.51.

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

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.