HC Wainwright Has Negative Estimate for ALTO FY2025 Earnings

Alto Ingredients, Inc. (NASDAQ:ALTO) – Investment analysts at HC Wainwright reduced their FY2025 earnings estimates for Alto Ingredients in a research report issued to clients and investors on Thursday, March 6th. HC Wainwright analyst A. Dayal now expects that the company will earn ($0.27) per share for the year, down from their prior estimate of $0.34. HC Wainwright currently has a “Buy” rating and a $5.50 price objective on the stock. The consensus estimate for Alto Ingredients’ current full-year earnings is ($0.37) per share.

Alto Ingredients Stock Down 0.7 %

Shares of NASDAQ:ALTO opened at $1.40 on Monday. The stock has a market capitalization of $107.31 million, a price-to-earnings ratio of -2.69 and a beta of 1.73. Alto Ingredients has a 1-year low of $1.18 and a 1-year high of $2.40. The company’s fifty day moving average is $1.63 and its two-hundred day moving average is $1.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.15 and a current ratio of 3.22.

Institutional Trading of Alto Ingredients

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in shares of Alto Ingredients by 78.6% during the fourth quarter. JPMorgan Chase & Co. now owns 18,109 shares of the company’s stock worth $28,000 after purchasing an additional 7,968 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of Alto Ingredients in the 4th quarter worth about $50,000. SBI Securities Co. Ltd. acquired a new stake in shares of Alto Ingredients in the 4th quarter worth about $54,000. XTX Topco Ltd acquired a new stake in shares of Alto Ingredients in the 4th quarter worth about $94,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Alto Ingredients by 137.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 58,788 shares of the company’s stock worth $95,000 after acquiring an additional 34,061 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

About Alto Ingredients

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.