Creative Financial Designs Inc. ADV Lowers Position in Alto Ingredients, Inc. $ALTO

Creative Financial Designs Inc. ADV lessened its stake in shares of Alto Ingredients, Inc. (NASDAQ:ALTO) by 20.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 797,397 shares of the company’s stock after selling 202,887 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Alto Ingredients were worth $2,297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sagespring Wealth Partners LLC bought a new position in Alto Ingredients during the 4th quarter valued at approximately $72,000. Virtu Financial LLC bought a new position in Alto Ingredients during the 3rd quarter valued at approximately $52,000. JPMorgan Chase & Co. increased its position in Alto Ingredients by 2,539,250.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 50,787 shares of the company’s stock valued at $58,000 after buying an additional 50,785 shares in the last quarter. Hamilton Capital Partners LLC bought a new position in Alto Ingredients during the 4th quarter valued at approximately $577,000. Finally, Empowered Funds LLC increased its position in Alto Ingredients by 8.5% during the 1st quarter. Empowered Funds LLC now owns 275,552 shares of the company’s stock valued at $314,000 after buying an additional 21,626 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ALTO. Zacks Research lowered Alto Ingredients from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Wall Street Zen raised Alto Ingredients from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 23rd. Weiss Ratings raised Alto Ingredients from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Finally, HC Wainwright raised their price objective on Alto Ingredients from $5.50 to $10.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.00.

Insider Activity at Alto Ingredients

In other Alto Ingredients news, Director Gilbert E. Nathan bought 20,000 shares of Alto Ingredients stock in a transaction on Tuesday, May 12th. The stock was acquired at an average price of $4.61 per share, with a total value of $92,200.00. Following the acquisition, the director owned 769,741 shares in the company, valued at approximately $3,548,506.01. This trade represents a 2.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.26% of the company’s stock.

Alto Ingredients Stock Down 1.1%

Alto Ingredients stock opened at $4.67 on Thursday. The firm has a market cap of $361.86 million, a price-to-earnings ratio of 12.62 and a beta of 0.14. The stock has a fifty day simple moving average of $4.79 and a two-hundred day simple moving average of $3.32. Alto Ingredients, Inc. has a 12 month low of $0.86 and a 12 month high of $5.99. The company has a current ratio of 3.81, a quick ratio of 2.54 and a debt-to-equity ratio of 0.29.

Alto Ingredients (NASDAQ:ALTO) last posted its earnings results on Wednesday, May 6th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.13. The business had revenue of $224.68 million during the quarter, compared to analyst estimates of $215.65 million. Alto Ingredients had a return on equity of 9.77% and a net margin of 3.20%. Equities analysts predict that Alto Ingredients, Inc. will post 0.54 EPS for the current fiscal year.

About Alto Ingredients

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.