West Family Investments Inc. Sells 2,170,726 Shares of Largo Inc. $LGO

West Family Investments Inc. lowered its holdings in shares of Largo Inc. (NYSE:LGO) by 49.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,200,845 shares of the company’s stock after selling 2,170,726 shares during the period. West Family Investments Inc.’s holdings in Largo were worth $2,065,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LGO. XTX Topco Ltd bought a new position in shares of Largo during the 2nd quarter worth about $46,000. Banco BTG Pactual S.A. bought a new stake in Largo in the second quarter valued at about $61,000. EverSource Wealth Advisors LLC acquired a new position in Largo in the third quarter worth about $190,000. Sprott Inc. raised its position in Largo by 11.2% in the third quarter. Sprott Inc. now owns 1,174,346 shares of the company’s stock worth $1,762,000 after purchasing an additional 118,712 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Largo by 65.0% during the third quarter. Russell Investments Group Ltd. now owns 207,974 shares of the company’s stock worth $311,000 after purchasing an additional 81,967 shares during the period. Institutional investors and hedge funds own 64.08% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright decreased their price objective on Largo from $3.10 to $2.80 and set a “buy” rating on the stock in a report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $2.80.

Largo Price Performance

LGO opened at $0.86 on Monday. The firm has a market cap of $86.60 million, a price-to-earnings ratio of -1.07 and a beta of 1.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.81 and a current ratio of 1.67. The firm’s 50-day simple moving average is $1.13 and its 200-day simple moving average is $1.20. Largo Inc. has a twelve month low of $0.83 and a twelve month high of $2.70.

About Largo

Largo Inc (NYSE:LGO) is a diversified resources and digital asset company that provides investors with exposure to both critical battery metals and bitcoin through publicly traded vehicles. The combined platform integrates specialty metals operations with a physical bitcoin trust, reflecting the company’s strategy to offer participation in traditional commodities and emerging digital assets.

The metals division focuses on the production and sale of high-purity nickel and cobalt sulfate used in electric vehicle batteries and energy storage systems.