Renaissance Technologies LLC lifted its holdings in Alto Ingredients, Inc. (NASDAQ:ALTO – Free Report) by 53.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,677,121 shares of the company’s stock after purchasing an additional 583,967 shares during the quarter. Renaissance Technologies LLC owned 2.22% of Alto Ingredients worth $2,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC bought a new stake in Alto Ingredients in the 1st quarter worth about $286,000. SG Americas Securities LLC purchased a new stake in Alto Ingredients in the first quarter worth approximately $62,000. Susquehanna Fundamental Investments LLC purchased a new stake in Alto Ingredients in the first quarter worth approximately $131,000. Acadian Asset Management LLC grew its position in Alto Ingredients by 8.6% in the 1st quarter. Acadian Asset Management LLC now owns 585,846 shares of the company’s stock worth $1,276,000 after purchasing an additional 46,454 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Alto Ingredients during the 1st quarter valued at $68,000. 42.44% of the stock is owned by institutional investors.
Alto Ingredients Trading Up 0.6 %
NASDAQ:ALTO opened at $1.62 on Wednesday. The firm has a market capitalization of $122.63 million, a price-to-earnings ratio of -4.26 and a beta of 1.97. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.09 and a quick ratio of 2.09. The business has a fifty day moving average price of $1.49 and a 200-day moving average price of $1.64. Alto Ingredients, Inc. has a one year low of $1.28 and a one year high of $4.98.
Wall Street Analyst Weigh In
Separately, HC Wainwright restated a “buy” rating and issued a $5.50 price target on shares of Alto Ingredients in a research note on Wednesday, August 7th.
View Our Latest Research Report on ALTO
Alto Ingredients 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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