Goldman Sachs Group Inc. Sells 500,795 Shares of Alto Ingredients, Inc. $ALTO

Key Points

• Goldman Sachs Group Inc. significantly decreased its stake in Alto Ingredients, Inc. by 74.3% in the first quarter, selling 500,795 shares and now holding 173,619 shares valued at approximately $198,000.
• Other institutional investors have also shown interest, with Empowered Funds LLC increasing its stake by 8.5% and GSA Capital Partners LLP boosting its ownership by 30.1%.
• As of now, Alto Ingredients has a market cap of $84.37 million and a recent earnings report showed a loss of $0.15 per share, slightly better than analyst expectations.

Goldman Sachs Group Inc. lowered its position in shares of Alto Ingredients, Inc. (NASDAQ:ALTO - Free Report) by 74.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,619 shares of the company's stock after selling 500,795 shares during the period. Goldman Sachs Group Inc. owned 0.23% of Alto Ingredients worth $198,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Empowered Funds LLC increased its stake in shares of Alto Ingredients by 8.5% during the first quarter. Empowered Funds LLC now owns 275,552 shares of the company's stock worth $314,000 after purchasing an additional 21,626 shares during the period. OMERS ADMINISTRATION Corp bought a new position in shares of Alto Ingredients during the first quarter worth approximately $199,000. GSA Capital Partners LLP increased its stake in shares of Alto Ingredients by 30.1% during the first quarter. GSA Capital Partners LLP now owns 515,334 shares of the company's stock worth $587,000 after purchasing an additional 119,149 shares during the period. Two Sigma Investments LP increased its stake in shares of Alto Ingredients by 30.1% during the fourth quarter. Two Sigma Investments LP now owns 158,259 shares of the company's stock worth $247,000 after purchasing an additional 36,583 shares during the period. Finally, Northern Trust Corp grew its position in Alto Ingredients by 27.4% during the fourth quarter. Northern Trust Corp now owns 226,928 shares of the company's stock worth $354,000 after buying an additional 48,768 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Alto Ingredients Trading Up 1.9%

Shares of NASDAQ:ALTO opened at $1.09 on Monday. The company has a market capitalization of $84.37 million, a P/E ratio of -1.18 and a beta of 0.31. Alto Ingredients, Inc. has a 1 year low of $0.76 and a 1 year high of $2.05. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.52 and a quick ratio of 2.25. The business's 50 day simple moving average is $1.10 and its 200 day simple moving average is $1.06.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.