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

West Family Investments Inc. lessened its holdings in shares of Largo Inc. (NYSE:LGO) by 49.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,200,845 shares of the company’s stock after selling 2,170,726 shares during the period. West Family Investments Inc. owned approximately 2.63% of Largo worth $2,065,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LGO. XTX Topco Ltd acquired a new stake in Largo in the 2nd quarter valued at approximately $46,000. Banco BTG Pactual S.A. acquired a new position in shares of Largo during the second quarter worth approximately $61,000. Banque Cantonale Vaudoise acquired a new position in shares of Largo during the third quarter worth approximately $61,000. Virtu Financial LLC bought a new stake in shares of Largo in the third quarter valued at approximately $116,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Largo in the third quarter valued at approximately $190,000. Institutional investors own 64.08% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright dropped their target price on shares of Largo from $3.10 to $2.80 and set a “buy” rating on the stock in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $2.80.

Largo Price Performance

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

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.