Charles Schwab Investment Management Inc. Trims Stock Holdings in Alto Ingredients, Inc. $ALTO

Key Points

• Charles Schwab Investment Management Inc. has reduced its holdings in Alto Ingredients, Inc. by 95.4%, selling 697,151 shares and leaving it with 33,727 shares valued at $38,000.
• Other institutional investors such as GSA Capital Partners and Two Sigma Investments have increased their positions in Alto Ingredients by 30.1%, indicating varying investor confidence.
• Alto Ingredients reported a loss of ($0.15) earnings per share for the last quarter, which exceeded analysts' expectations of a larger loss but still fell short of revenue estimates.

Charles Schwab Investment Management Inc. decreased its position in Alto Ingredients, Inc. (NASDAQ:ALTO - Free Report) by 95.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,727 shares of the company's stock after selling 697,151 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Alto Ingredients were worth $38,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Two Sigma Investments LP lifted its holdings in Alto Ingredients by 30.1% in the fourth quarter. Two Sigma Investments LP now owns 158,259 shares of the company's stock valued at $247,000 after acquiring an additional 36,583 shares during the period. Northern Trust Corp lifted its holdings in Alto Ingredients by 27.4% in the fourth quarter. Northern Trust Corp now owns 226,928 shares of the company's stock valued at $354,000 after acquiring an additional 48,768 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in Alto Ingredients by 20.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,601,379 shares of the company's stock valued at $2,498,000 after acquiring an additional 274,918 shares during the period. Barclays PLC lifted its holdings in Alto Ingredients by 16.1% in the fourth quarter. Barclays PLC now owns 89,072 shares of the company's stock valued at $139,000 after acquiring an additional 12,369 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Alto Ingredients by 39.9% in the fourth quarter. Jane Street Group LLC now owns 405,182 shares of the company's stock valued at $632,000 after acquiring an additional 115,578 shares during the period. Institutional investors own 42.44% of the company's stock.

Alto Ingredients Stock Performance

ALTO stock traded up $0.02 during trading on Friday, reaching $1.17. The stock had a trading volume of 129,302 shares, compared to its average volume of 180,323. Alto Ingredients, Inc. has a 52 week low of $0.76 and a 52 week high of $2.05. The stock's 50 day moving average is $1.13 and its two-hundred day moving average is $1.11. The company has a current ratio of 3.52, a quick ratio of 2.25 and a debt-to-equity ratio of 0.57. The firm has a market cap of $90.56 million, a PE ratio of -1.27 and a beta of 0.31.

Alto Ingredients (NASDAQ:ALTO - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.03. Alto Ingredients had a negative return on equity of 18.78% and a negative net margin of 7.16%.The company had revenue of $218.44 million for the quarter, compared to the consensus estimate of $223.61 million. As a group, equities analysts anticipate that Alto Ingredients, Inc. will post -0.37 earnings per share for the current year.

Alto Ingredients Company Profile

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.