From MarketBeat:

Lodestone Wealth Management LLC acquired 1,200,000 shares of Alto Ingredients, Inc. in the third quarter, valued at $5,304,000, making it the third biggest position in its portfolio. Other hedge funds have also changed their positions in the stock, with 35.38% of the stock currently owned by institutional investors.

Alto Ingredients, Inc. saw its shares trading down 3.1% on Friday, opening at $2.66. It has a 1-year low of $1.20 and a 1-year high of $4.97. The company reported a negative net margin of 3.30% and a negative return on equity of 13.85%.

Analyst Ratings Changes: HC Wainwright reduced their target price on Alto Ingredients from $7.00 to $5.50 and set a “buy” rating on the stock in a research note on Monday, November 6th.

Alto Ingredients, Inc. produces and markets specialty alcohols and essential ingredients in the United States. They operate in three segments: Marketing and Distribution, Pekin Production, and Other Production. Its offerings include specialty alcohols, grain neutral spirits, corn germ, and essential ingredients for animal and pet food applications.



Read more: Lodestone Wealth Management LLC Makes New Investment in Alto Ingredients, Inc. (NASDAQ:ALTO)