West Family Investments Inc. Sells 1,201,066 Shares of Largo Inc. $LGO

West Family Investments Inc. reduced its position in shares of Largo Inc. (NYSE:LGO) by 21.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,371,571 shares of the company’s stock after selling 1,201,066 shares during the period. Largo comprises about 1.5% of West Family Investments Inc.’s investment portfolio, making the stock its 12th largest holding. West Family Investments Inc. owned 5.25% of Largo worth $6,557,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Largo in the 3rd quarter valued at approximately $29,000. XTX Topco Ltd bought a new stake in shares of Largo in the second quarter worth $46,000. Banco BTG Pactual S.A. bought a new stake in shares of Largo in the second quarter worth $61,000. EverSource Wealth Advisors LLC acquired a new position in Largo during the third quarter worth $190,000. Finally, Old West Investment Management LLC bought a new position in Largo in the third quarter valued at $562,000. Institutional investors and hedge funds own 64.08% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright boosted their price target on shares of Largo from $2.90 to $3.10 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $3.10.

Largo Stock Performance

Shares of LGO stock opened at $1.58 on Thursday. The company has a fifty day moving average price of $1.28 and a two-hundred day moving average price of $1.33. Largo Inc. has a one year low of $0.85 and a one year high of $2.70. The stock has a market cap of $135.24 million, a P/E ratio of -1.98 and a beta of 1.52. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 0.81.

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.