200,025 Shares in Largo Inc. (NYSE:LGO) Acquired by Herr Investment Group LLC

Herr Investment Group LLC purchased a new stake in Largo Inc. (NYSE:LGO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 200,025 shares of the company’s stock, valued at approximately $370,000.

Separately, Russell Investments Group Ltd. boosted its stake in shares of Largo by 32.8% during the 4th quarter. Russell Investments Group Ltd. now owns 90,890 shares of the company’s stock worth $210,000 after acquiring an additional 22,437 shares in the last quarter. Institutional investors and hedge funds own 64.08% of the company’s stock.

Analyst Ratings Changes

Separately, HC Wainwright cut their target price on Largo from $4.70 to $4.40 and set a “buy” rating on the stock in a research report on Tuesday, August 13th.

Largo Price Performance

LGO stock opened at $1.65 on Friday. The firm has a 50-day moving average of $1.89 and a two-hundred day moving average of $1.80. The firm has a market capitalization of $105.72 million, a PE ratio of -2.45 and a beta of 1.79. The company has a current ratio of 2.13, a quick ratio of 1.23 and a debt-to-equity ratio of 0.35. Largo Inc. has a one year low of $1.38 and a one year high of $3.08.

Largo (NYSE:LGO) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter. The firm had revenue of $28.56 million for the quarter. Largo had a negative return on equity of 21.87% and a negative net margin of 33.12%. On average, analysts forecast that Largo Inc. will post -0.44 earnings per share for the current 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.