Swiss National Bank raised its holdings in shares of Largo Inc. (NYSE:LGO – Get Rating) by 8.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,110 shares of the company’s stock after purchasing an additional 7,400 shares during the quarter. Swiss National Bank owned 0.14% of Largo worth $628,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. National Bank of Canada FI lifted its position in shares of Largo by 61.3% during the first quarter. National Bank of Canada FI now owns 5,676 shares of the company’s stock worth $72,000 after purchasing an additional 2,156 shares during the last quarter. 626 Financial LLC bought a new stake in shares of Largo in the second quarter valued at about $72,000. Solidarilty Wealth LLC bought a new stake in shares of Largo in the second quarter valued at about $102,000. Bridgewater Associates LP bought a new stake in shares of Largo in the first quarter valued at about $131,000. Finally, Connectus Wealth LLC bought a new stake in shares of Largo in the second quarter valued at about $144,000. 63.94% of the stock is currently owned by institutional investors.
Several analysts recently weighed in on LGO shares. TheStreet downgraded Largo from a “c” rating to a “d+” rating in a report on Friday, November 25th. Royal Bank of Canada decreased their price objective on Largo from C$20.00 to C$16.00 in a report on Wednesday, September 14th.
Largo Stock Performance
Shares of Largo stock opened at $5.49 on Friday. The company has a market capitalization of $351.36 million, a PE ratio of 24.95 and a beta of 2.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.75 and a current ratio of 2.96. The company has a 50-day simple moving average of $5.62 and a two-hundred day simple moving average of $6.71. Largo Inc. has a one year low of $4.75 and a one year high of $14.27.
Largo Profile
Largo Inc engages in the development and sale of vanadium-based utility scale electrical energy storage systems in Canada. The company operates in five segments: Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy. 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.
www.ferroalloynet.com
