JPMorgan Chase & Co. Has $418,000 Stock Position in Largo Inc. (NYSE:LGO)

JPMorgan Chase & Co. cut its stake in Largo Inc. (NYSE:LGO) by 18.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,173 shares of the company’s stock after selling 44,642 shares during the period. JPMorgan Chase & Co. owned approximately 0.31% of Largo worth $418,000 as of its most recent SEC filing.

Separately, XTX Topco Ltd bought a new position in Largo in the third quarter worth $32,000. Hedge funds and other institutional investors own 64.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and issued a $4.20 price target on shares of Largo in a report on Friday, December 20th.

Largo Stock Performance

NYSE:LGO opened at $1.74 on Thursday. The company has a quick ratio of 0.81, a current ratio of 1.67 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $1.85 and a 200 day moving average price of $1.93. The firm has a market capitalization of $111.55 million, a PE ratio of -2.18 and a beta of 1.69. Largo Inc. has a 12-month low of $1.38 and a 12-month high of $2.84.

Largo (NYSE:LGO) last issued its earnings results on Tuesday, November 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07). Largo had a negative return on equity of 22.61% and a negative net margin of 35.10%. The company had revenue of $29.91 million during the quarter. During the same period in the previous year, the firm posted ($0.19) earnings per share. Research analysts anticipate that Largo Inc. will post -0.57 earnings per share for the current fiscal year.

Largo 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.