Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Largo Inc. (NYSE:LGO – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 35,000 shares of the company’s stock, valued at approximately $99,000. Stonehage Fleming Financial Services Holdings Ltd owned about 0.05% of Largo as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the stock. West Family Investments Inc. acquired a new stake in Largo in the 2nd quarter valued at approximately $23,702,000. Credit Suisse AG increased its holdings in Largo by 119.5% in the 2nd quarter. Credit Suisse AG now owns 127,195 shares of the company’s stock valued at $543,000 after purchasing an additional 69,240 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Largo by 521.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 117,948 shares of the company’s stock valued at $501,000 after purchasing an additional 98,979 shares during the last quarter. Barclays PLC boosted its position in Largo by 12.4% in the 2nd quarter. Barclays PLC now owns 63,024 shares of the company’s stock valued at $271,000 after buying an additional 6,944 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Largo by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,161,115 shares of the company’s stock valued at $4,981,000 after buying an additional 14,325 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 target on shares of Largo from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, November 10th.
Largo Price Performance
Shares of LGO opened at $2.11 on Thursday. Largo Inc. has a twelve month low of $1.86 and a twelve month high of $7.06. The firm’s fifty day simple moving average is $2.19 and its 200-day simple moving average is $2.99. The firm has a market capitalization of $135.15 million, a price-to-earnings ratio of -3.91 and a beta of 1.84. The company has a current ratio of 2.97, a quick ratio of 1.62 and a debt-to-equity ratio of 0.22.
Largo (NYSE:LGO – Get Free Report) last announced its quarterly earnings results on Wednesday, November 8th. The company reported ($0.19) earnings per share for the quarter. The company had revenue of $43.98 million during the quarter. Largo had a negative net margin of 17.17% and a negative return on equity of 12.66%. Equities analysts forecast that Largo Inc. will post 0.01 EPS for the current fiscal year.
Largo Company Profile
Largo Inc engages in the development and sale of vanadium-based energy storage systems in Canada. The company operates through, Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy and Largo Physical Vanadium Segments. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications.
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