Millennium Management LLC Reduces Stock Holdings in Alto Ingredients, Inc. (NASDAQ:ALTO)

Millennium Management LLC trimmed its position in shares of Alto Ingredients, Inc. (NASDAQ:ALTO - Free Report) by 88.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,695 shares of the company's stock after selling 252,132 shares during the period. Millennium Management LLC's holdings in Alto Ingredients were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of ALTO. D. E. Shaw & Co. Inc. increased its holdings in Alto Ingredients by 20.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,601,379 shares of the company's stock worth $2,498,000 after acquiring an additional 274,918 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Alto Ingredients by 39.9% in the fourth quarter. Jane Street Group LLC now owns 405,182 shares of the company's stock worth $632,000 after purchasing an additional 115,578 shares in the last quarter. Raffles Associates LP bought a new stake in shares of Alto Ingredients in the fourth quarter valued at approximately $156,000. Northern Trust Corp lifted its stake in shares of Alto Ingredients by 27.4% during the 4th quarter. Northern Trust Corp now owns 226,928 shares of the company's stock valued at $354,000 after buying an additional 48,768 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of Alto Ingredients during the 4th quarter valued at approximately $50,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a "buy" rating and set a $5.50 target price on shares of Alto Ingredients in a report on Thursday, March 6th.

Alto Ingredients Stock Performance

Shares of ALTO opened at $1.17 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.15 and a current ratio of 3.22. The stock has a market capitalization of $89.64 million, a price-to-earnings ratio of -2.25 and a beta of 1.32. Alto Ingredients, Inc. has a 52-week low of $0.76 and a 52-week high of $2.05. The stock's 50-day simple moving average is $0.91 and its 200 day simple moving average is $1.30.

Alto Ingredients (NASDAQ:ALTO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.01). Alto Ingredients had a negative net margin of 3.61% and a negative return on equity of 11.22%. The firm had revenue of $226.54 million for the quarter, compared to analysts' expectations of $222.19 million. Research analysts forecast that Alto Ingredients, Inc. will post -0.37 EPS for the current fiscal 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.

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