Ancient Art L.P. Has $17.95 Million Stock Holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

Ancient Art L.P. lessened its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,503,275 shares of the company's stock after selling 100,862 shares during the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima makes up approximately 3.8% of Ancient Art L.P.'s portfolio, making the stock its 9th biggest position. Ancient Art L.P. owned 1.29% of Loma Negra Compañía Industrial Argentina Sociedad Anónima worth $17,949,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Virtu Financial LLC raised its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 21.5% in the 3rd quarter. Virtu Financial LLC now owns 18,945 shares of the company's stock worth $153,000 after acquiring an additional 3,355 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 126.5% during the 4th quarter. GAMMA Investing LLC now owns 4,455 shares of the company's stock valued at $53,000 after buying an additional 2,488 shares in the last quarter. Systrade AG purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter worth about $143,000. SG Americas Securities LLC purchased a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter valued at about $109,000. Finally, JGP Global Gestao de Recursos Ltda. purchased a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter valued at approximately $785,000. Hedge funds and other institutional investors own 19.32% of the company's stock.

Wall Street Analyst Weigh In

Separately, Bank of America raised Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and increased their target price for the stock from $11.50 to $14.00 in a research note on Wednesday, April 23rd.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Up 3.8 %

Shares of NYSE:LOMA traded up $0.42 during trading on Tuesday, reaching $11.44. 243,895 shares of the stock traded hands, compared to its average volume of 510,404. The stock has a market cap of $1.34 billion, a P/E ratio of 19.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 1.29. The stock has a 50-day moving average of $10.72 and a two-hundred day moving average of $11.13. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 52-week low of $5.70 and a 52-week high of $13.79.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.17 EPS for the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 8.60% and a net margin of 9.42%. As a group, sell-side analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 earnings per share for the current fiscal year.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Profile

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and sells cement and its derivatives in Argentina. The company operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. It offers masonry cement, aggregates, ready-mix concrete, concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.