Alto Ingredients, Inc. (NASDAQ:ALTO) Shares Sold by Ancora Advisors LLC

Ancora Advisors LLC lowered its position in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) by 55.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 181,413 shares of the company’s stock after selling 227,292 shares during the quarter. Ancora Advisors LLC’s holdings in Alto Ingredients were worth $283,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Peapod Lane Capital LLC purchased a new position in shares of Alto Ingredients in the fourth quarter worth about $1,465,000. Geode Capital Management LLC increased its holdings in Alto Ingredients by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 893,951 shares of the company’s stock worth $1,395,000 after buying an additional 8,435 shares during the period. Jane Street Group LLC raised its position in Alto Ingredients by 39.9% during the 4th quarter. Jane Street Group LLC now owns 405,182 shares of the company’s stock worth $632,000 after buying an additional 115,578 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Alto Ingredients by 4.9% in the 4th quarter. Empowered Funds LLC now owns 253,926 shares of the company’s stock valued at $396,000 after acquiring an additional 11,949 shares during the last quarter. Finally, Northern Trust Corp lifted 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 valued at $354,000 after purchasing an additional 48,768 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

Alto Ingredients Trading Down 3.6 %

Alto Ingredients stock opened at $0.85 on Wednesday. The firm has a market cap of $64.97 million, a PE ratio of -1.63 and a beta of 1.56. Alto Ingredients, Inc. has a 12 month low of $0.76 and a 12 month high of $2.05. The stock’s 50 day simple moving average is $1.09 and its two-hundred day simple moving average is $1.42. The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.32.

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.