Wall Street Zen Upgrades Alto Ingredients (NASDAQ:ALTO) to “Strong-Buy”

Alto Ingredients (NASDAQ:ALTO) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Monday.

ALTO has been the subject of several other reports. Weiss Ratings upgraded shares of Alto Ingredients from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday, March 16th. Zacks Research raised Alto Ingredients from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Alto Ingredients currently has an average rating of “Buy”.

Alto Ingredients Trading Up 4.4%

ALTO stock opened at $4.31 on Monday. Alto Ingredients has a one year low of $0.76 and a one year high of $4.89. The stock has a market cap of $333.12 million, a price-to-earnings ratio of 26.94 and a beta of 0.60. The company has a fifty day moving average price of $3.12 and a two-hundred day moving average price of $2.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.64 and a quick ratio of 1.60.

Alto Ingredients (NASDAQ:ALTO) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.17. The company had revenue of $231.97 million for the quarter, compared to analyst estimates of $234.83 million. Alto Ingredients had a net margin of 1.45% and a return on equity of 2.99%. Equities analysts anticipate that Alto Ingredients will post -0.37 EPS for the current year.

Hedge Funds Weigh In On Alto Ingredients

A number of hedge funds have recently bought and sold shares of ALTO. NewEdge Advisors LLC acquired a new stake in Alto Ingredients in the 4th quarter worth about $204,000. Empowered Funds LLC grew its position in shares of Alto Ingredients by 10.6% during the 4th quarter. Empowered Funds LLC now owns 373,927 shares of the company’s stock worth $1,077,000 after purchasing an additional 35,761 shares in the last quarter. XTX Topco Ltd grew its position in shares of Alto Ingredients by 34.2% during the 4th quarter. XTX Topco Ltd now owns 52,753 shares of the company’s stock worth $152,000 after purchasing an additional 13,431 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Alto Ingredients by 2,967.5% during the fourth quarter. Millennium Management LLC now owns 369,513 shares of the company’s stock worth $1,064,000 after purchasing an additional 357,467 shares during the period. Finally, Engineers Gate Manager LP increased its holdings in shares of Alto Ingredients by 756.1% during the fourth quarter. Engineers Gate Manager LP now owns 168,257 shares of the company’s stock worth $485,000 after purchasing an additional 148,604 shares during the period. 42.44% of the stock is owned by institutional investors.

Alto Ingredients News Roundup

Here are the key news stories impacting Alto Ingredients this week:

• Positive Sentiment: Management will present at H.C. Wainwright’s Renewable Fuels Virtual Day (Mar. 25), giving Alto (ALTO) direct investor access and a chance to highlight growth initiatives in renewable fuels — a potential near‑term catalyst. Alto Ingredients, Inc. to Participate in H.C. Wainwright’s Renewable Fuels Virtual Day
• Neutral Sentiment: Sector/stock writeups from Zacks and American Banking News are drawing attention to ALTO’s year‑to‑date performance versus peers — useful for investor context but not an immediate catalyst. Are Consumer Discretionary Stocks Lagging Alto Ingredients (ALTO) This Year?
• Neutral Sentiment: A short-format review of ALTO appeared on American Banking News (general coverage). Reviewing Alto Ingredients (NASDAQ:ALTO) and Bon Natural Life (NASDAQ:BON)
• Neutral Sentiment: NYSE/PR Newswire carried an item about “Alto Neuroscience” raising capital — this is a different company and may cause ticker confusion for some readers; it does not relate to Alto Ingredients’ operations. NYSE Content Update: Alto Neuroscience Raises $120 Million
• Neutral Sentiment: Several market data feeds on Mar. 23–24 show short‑interest reporting anomalies (records of “0” shares or NaN changes). These appear to be reporting errors or timing differences across exchanges; investors should treat the zero/NaN prints cautiously and verify with official OCC/EX‑reported files before trading.
• Negative Sentiment: One authoritative March snapshot (as of Mar. 13) shows short interest spiking to ~1.5M shares (+109.9% vs. Feb. 26), equal to ~2.0% of shares outstanding and a days‑to‑cover of ~0.3 — an increase in short positions can pressure the stock and signal bearish sentiment if sustained.

Alto Ingredients Company Profile

Alto Ingredients, Inc (NASDAQ: ALTO) is a diversified producer of alcohol-based products and specialty ingredients for industrial, food, beverage and personal care applications. The company’s core offering centers on ethanol produced for fuel markets, as well as an expanding portfolio of natural and organic alcohols, glycerin and other ingredient solutions. Alto’s product lines serve a range of end markets, including renewable fuels, confectionery, flavorings, cosmetics and sanitizers.

Headquartered in Dallas, Texas, Alto Ingredients operates a network of production facilities across the United States.