West Family Investments Inc. Invests $466,000 in Largo Inc. $LGO

West Family Investments Inc. acquired a new stake in Largo Inc. (NYSE:LGO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,200,845 shares of the company’s stock, valued at approximately $466,000. West Family Investments Inc. owned approximately 2.13% of Largo at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC lifted its stake in Largo by 631.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,293,300 shares of the company’s stock worth $1,448,000 after acquiring an additional 1,116,534 shares in the last quarter. Brooklands Fund Management Ltd boosted its holdings in Largo by 623.9% during the 1st quarter. Brooklands Fund Management Ltd now owns 760,119 shares of the company’s stock valued at $851,000 after acquiring an additional 655,119 shares during the period. Baader Bank Aktiengesellschaft acquired a new position in Largo in the 1st quarter valued at about $28,000. Marshall Wace LLP grew its position in Largo by 952.2% in the 4th quarter. Marshall Wace LLP now owns 918,075 shares of the company’s stock valued at $863,000 after acquiring an additional 830,824 shares in the last quarter. Finally, Russell Investments Group Ltd. increased 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. 64.08% of the stock is owned by institutional investors and hedge funds.

Largo Price Performance

LGO stock opened at $0.64 on Friday. The business’s 50-day moving average is $0.69 and its two-hundred day moving average is $1.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 0.81. The firm has a market capitalization of $66.19 million, a P/E ratio of -0.80 and a beta of 1.46. Largo Inc. has a 1 year low of $0.55 and a 1 year high of $2.70.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LGO. Maxim Group started coverage on shares of Largo in a research report on Friday, July 24th. They set a “buy” rating and a $1.50 price target on the stock. National Bank Financial set a $2.40 price objective on shares of Largo in a report on Tuesday, July 7th. Finally, HC Wainwright cut their target price on shares of Largo from $2.80 to $2.40 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $2.10.

Largo Company Profile

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.