Alto Ingredients, Inc. (NASDAQ:ALTO) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its position in Alto Ingredients, Inc. (NASDAQ:ALTO) by 154.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 149,822 shares of the company’s stock after purchasing an additional 91,034 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.20% of Alto Ingredients worth $234,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Empowered Funds LLC lifted its holdings in Alto Ingredients by 4.9% in the fourth quarter. Empowered Funds LLC now owns 253,926 shares of the company’s stock valued at $396,000 after acquiring an additional 11,949 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Alto Ingredients by 5.4% in the third quarter. The Manufacturers Life Insurance Company now owns 370,852 shares of the company’s stock valued at $597,000 after purchasing an additional 19,104 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Alto Ingredients in the 4th quarter valued at $54,000. Jane Street Group LLC increased its position in shares of Alto Ingredients by 101.2% during the 3rd quarter. Jane Street Group LLC now owns 289,604 shares of the company’s stock worth $466,000 after purchasing an additional 145,687 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Alto Ingredients by 123.9% during the 3rd quarter. Barclays PLC now owns 76,703 shares of the company’s stock worth $123,000 after purchasing an additional 42,450 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Alto Ingredients Stock Up 11.5 %

Alto Ingredients stock opened at $1.36 on Monday. The company has a market capitalization of $104.24 million, a PE ratio of -2.62 and a beta of 1.73. 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 $2.40. The firm has a 50 day moving average price of $1.57 and a 200 day moving average price of $1.58.

Analysts Set New Price Targets

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

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.