Creative Financial Designs Inc. ADV Raises Stock Position in Alto Ingredients, Inc. (NASDAQ:ALTO)

Creative Financial Designs Inc. ADV raised its holdings in Alto Ingredients, Inc. (NASDAQ:ALTO) by 9.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,125,552 shares of the company’s stock after acquiring an additional 93,054 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Alto Ingredients were worth $1,812,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in shares of Alto Ingredients during the 1st quarter worth approximately $62,000. Virtu Financial LLC acquired a new stake in Alto Ingredients during the first quarter valued at $68,000. Acadian Asset Management LLC increased its holdings in Alto Ingredients by 8.6% in the first quarter. Acadian Asset Management LLC now owns 585,846 shares of the company’s stock valued at $1,276,000 after buying an additional 46,454 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Alto Ingredients in the first quarter worth about $131,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Alto Ingredients by 48.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 351,748 shares of the company’s stock worth $508,000 after acquiring an additional 114,571 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Alto Ingredients Price Performance

Alto Ingredients stock opened at $1.90 on Friday. The stock has a market capitalization of $145.33 million, a P/E ratio of -3.58 and a beta of 1.98. The company’s fifty day moving average price is $1.60 and its 200 day moving average price is $1.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.09 and a current ratio of 3.09. Alto Ingredients, Inc. has a 1 year low of $1.28 and a 1 year high of $4.98.

Alto Ingredients (NASDAQ:ALTO) last announced its earnings results on Tuesday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.06. Alto Ingredients had a negative net margin of 3.49% and a negative return on equity of 11.26%. The business had revenue of $236.47 million for the quarter, compared to analyst estimates of $236.17 million. During the same quarter last year, the business earned $0.10 earnings per share. As a group, equities research analysts anticipate that Alto Ingredients, Inc. will post -0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $5.50 price target on shares of Alto Ingredients in a report on Wednesday, August 7th.

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.