Alto Ingredients (ALTO) to Release Quarterly Earnings on Thursday

Alto Ingredients (NASDAQ:ALTO – Get Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, March 9th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Alto Ingredients Stock Performance

ALTO opened at $3.01 on Tuesday. The company has a quick ratio of 2.30, a current ratio of 3.42 and a debt-to-equity ratio of 0.14. The company has a market cap of $222.62 million, a price-to-earnings ratio of 8.60 and a beta of 2.51. Alto Ingredients has a 52-week low of $2.61 and a 52-week high of $7.37. The firm’s fifty day simple moving average is $3.10 and its two-hundred day simple moving average is $3.54.

Analysts Set New Price Targets

ALTO has been the topic of several research reports. HC Wainwright reissued a “buy” rating and issued a $10.00 price target on shares of Alto Ingredients in a research note on Tuesday, February 7th. Craig Hallum dropped their price target on shares of Alto Ingredients to $6.00 in a research report on Tuesday, November 15th. Finally, TheStreet cut shares of Alto Ingredients from a “b-” rating to a “c” rating in a research report on Tuesday, November 8th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its holdings in Alto Ingredients by 82.4% during the 4th quarter. Alliancebernstein L.P. now owns 76,600 shares of the company’s stock worth $221,000 after acquiring an additional 34,600 shares in the last quarter. Raffles Associates LP purchased a new stake in shares of Alto Ingredients during the 4th quarter worth approximately $432,000. Susquehanna Fundamental Investments LLC lifted its position in shares of Alto Ingredients by 26.4% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 87,396 shares of the company’s stock worth $252,000 after buying an additional 18,261 shares during the last quarter. Maven Securities LTD lifted its position in shares of Alto Ingredients by 100.0% during the 4th quarter. Maven Securities LTD now owns 1,000,000 shares of the company’s stock worth $2,880,000 after buying an additional 500,000 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Alto Ingredients by 231.8% during the 4th quarter. AQR Capital Management LLC now owns 1,731,056 shares of the company’s stock worth $4,985,000 after buying an additional 1,209,314 shares during the last quarter. Institutional investors and hedge funds own 52.20% of the company’s stock.

About Alto Ingredients

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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.