Virtu Financial LLC Trims Stake in Alto Ingredients, Inc. (NASDAQ:ALTO)

Virtu Financial LLC lowered its holdings in Alto Ingredients, Inc. (NASDAQ:ALTO) by 46.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,965 shares of the company’s stock after selling 40,088 shares during the period. Virtu Financial LLC owned approximately 0.06% of Alto Ingredients worth $72,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Alto Ingredients by 137.7% during the 3rd 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. The Manufacturers Life Insurance Company grew its position in Alto Ingredients by 5.4% during the third quarter. The Manufacturers Life Insurance Company now owns 370,852 shares of the company’s stock valued at $597,000 after acquiring an additional 19,104 shares during the last quarter. 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 worth $466,000 after acquiring an additional 145,687 shares in the last quarter. Barclays PLC lifted its holdings in shares of Alto Ingredients by 123.9% in the 3rd quarter. Barclays PLC now owns 76,703 shares of the company’s stock worth $123,000 after acquiring an additional 42,450 shares during the last quarter. Finally, Marquette Asset Management LLC purchased a new stake in shares of Alto Ingredients in the 4th quarter valued at $213,000. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and set a $5.50 price target on shares of Alto Ingredients in a research report on Thursday, March 6th.

Alto Ingredients Stock Performance

NASDAQ:ALTO opened at $1.14 on Tuesday. The business has a 50 day moving average price of $1.51 and a 200-day moving average price of $1.57. Alto Ingredients, Inc. has a fifty-two week low of $1.12 and a fifty-two week high of $2.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.15 and a current ratio of 3.22. The firm has a market cap of $87.34 million, a PE ratio of -2.19 and a beta of 1.73.

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.