Creative Financial Designs Inc. ADV Boosts Stake in Alto Ingredients, Inc. (NASDAQ:ALTO)

Creative Financial Designs Inc. ADV grew its stake in Alto Ingredients, Inc. (NASDAQ:ALTO) by 9.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,125,552 shares of the company’s stock after acquiring an additional 93,054 shares during the quarter. Creative Financial Designs Inc. ADV owned about 1.47% of Alto Ingredients worth $1,812,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Alto Ingredients in the first quarter worth about $62,000. Virtu Financial LLC purchased a new stake in Alto Ingredients during the first quarter valued at approximately $68,000. Susquehanna Fundamental Investments LLC acquired a new stake in Alto Ingredients in the first quarter valued at approximately $131,000. Empowered Funds LLC acquired a new stake in Alto Ingredients in the first quarter valued at approximately $286,000. Finally, Marshall Wace LLP purchased a new position in Alto Ingredients in the second quarter worth $202,000. 42.44% of the stock is owned by institutional investors.

Alto Ingredients Price Performance

Shares of ALTO stock opened at $1.90 on Friday. Alto Ingredients, Inc. has a fifty-two week low of $1.28 and a fifty-two week high of $4.98. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.09 and a current ratio of 3.09. The firm has a market capitalization of $145.33 million, a price-to-earnings ratio of -3.58 and a beta of 1.98. The stock’s 50-day simple moving average is $1.60 and its 200-day simple moving average is $1.58.

Alto Ingredients (NASDAQ:ALTO) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.06. Alto Ingredients had a negative net margin of 3.49% and a negative return on equity of 11.26%. The business had revenue of $236.47 million for the quarter, compared to analyst estimates of $236.17 million. During the same quarter in the prior year, the business posted $0.10 EPS. As a group, equities analysts forecast that Alto Ingredients, Inc. will post -0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and issued a $5.50 price objective on shares of Alto Ingredients in a research report on Wednesday, August 7th.

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.