Barclays PLC Purchases 42,450 Shares of Alto Ingredients, Inc. (NASDAQ:ALTO)

Barclays PLC boosted its position in Alto Ingredients, Inc. (NASDAQ:ALTO) by 123.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,703 shares of the company’s stock after purchasing an additional 42,450 shares during the quarter. Barclays PLC owned approximately 0.10% of Alto Ingredients worth $123,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Alto Ingredients by 137.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,788 shares of the company’s stock valued at $95,000 after acquiring an additional 34,061 shares in the last quarter. Corsair Capital Management L.P. bought a new position in shares of Alto Ingredients during the third quarter valued at $142,000. Marshall Wace LLP bought a new position in shares of Alto Ingredients during the second quarter valued at $202,000. Empowered Funds LLC increased 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 valued at $390,000 after acquiring an additional 12,328 shares in the last quarter. Finally, GSA Capital Partners LLP increased 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 valued at $399,000 after acquiring an additional 124,163 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Alto Ingredients Price Performance

NASDAQ ALTO opened at $1.67 on Thursday. Alto Ingredients, Inc. has a one year low of $1.18 and a one year high of $2.67. The stock has a 50-day moving average of $1.53 and a 200 day moving average of $1.54. The company has a market capitalization of $128.00 million, a price-to-earnings ratio of -3.21 and a beta of 1.87. 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 (NASDAQ:ALTO) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.06). Alto Ingredients had a negative return on equity of 11.22% and a negative net margin of 3.61%. The business had revenue of $251.81 million during the quarter, compared to the consensus estimate of $274.94 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share. On average, sell-side analysts forecast that Alto Ingredients, Inc. will post -0.37 EPS for the current 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.