53,592 Shares in Alto Ingredients, Inc. (NASDAQ:ALTO) Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased a new position in Alto Ingredients, Inc. (NASDAQ:ALTO – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 53,592 shares of the company’s stock, valued at approximately $195,000.

Other hedge funds have also made changes to their positions in the company. Prudential Financial Inc. lifted its holdings in shares of Alto Ingredients by 17.6% in the 3rd quarter. Prudential Financial Inc. now owns 115,348 shares of the company’s stock worth $420,000 after purchasing an additional 17,300 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Alto Ingredients by 4.9% in the 2nd quarter. Swiss National Bank now owns 171,500 shares of the company’s stock worth $636,000 after purchasing an additional 8,000 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of Alto Ingredients by 6.2% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 352,819 shares of the company’s stock worth $1,284,000 after purchasing an additional 20,676 shares during the last quarter. Hartree Partners LP bought a new stake in shares of Alto Ingredients in the 3rd quarter worth approximately $91,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Alto Ingredients by 0.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,644,055 shares of the company’s stock worth $9,623,000 after purchasing an additional 12,999 shares during the last quarter. Institutional investors own 52.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ALTO. HC Wainwright restated a “buy” rating and issued a $10.00 target price on shares of Alto Ingredients in a research report on Tuesday, February 7th. TheStreet cut Alto Ingredients from a “b-” rating to a “c” rating in a research report on Tuesday, November 8th. Finally, Craig Hallum lowered their target price on Alto Ingredients to $6.00 in a research report on Tuesday, November 15th.

Alto Ingredients Stock Up 6.1 %

ALTO opened at $3.12 on Friday. Alto Ingredients, Inc. has a 12 month low of $2.61 and a 12 month high of $7.37. The stock has a market cap of $230.76 million, a P/E ratio of 8.91 and a beta of 2.51. The stock’s 50 day moving average price is $3.09 and its 200 day moving average price is $3.57. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.42 and a quick ratio of 2.30.

Alto Ingredients Profile

(Get Rating)

Alto Ingredients, Inc engages in the production and marketing of specialty alcohols and essential ingredients. It operates through the following segments: Marketing and Distribution, Pekin Production, and Other Production. The Marketing and Distribution segment includes marketing and merchant trading for company-produced alcohols and essential ingredients, on an aggregated basis, and third-party fuel-grade ethanol.