Crocodile Capital Partners GmbH Takes Position in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

Key Points

• Crocodile Capital Partners GmbH has acquired 70,000 shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR, valued at approximately $768,000, constituting 1.3% of its portfolio.
• Several hedge funds have increased their stakes in Loma Negra, with INCA Investments LLC growing its position by 147.2% to own over 1.8 million shares.
• Analyst ratings for LOMA are generally positive, with a consensus rating of "Buy" and a projected average target price of $14.80.

Crocodile Capital Partners GmbH bought a new stake in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 70,000 shares of the company's stock, valued at approximately $768,000. Loma Negra Compania Industrial Argentina comprises approximately 1.3% of Crocodile Capital Partners GmbH's investment portfolio, making the stock its 7th biggest holding. Crocodile Capital Partners GmbH owned 0.06% of Loma Negra Compania Industrial Argentina at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Deuterium Capital Management LLC purchased a new position in Loma Negra Compania Industrial Argentina during the 1st quarter valued at $110,000. Insigneo Advisory Services LLC purchased a new position in Loma Negra Compania Industrial Argentina during the 1st quarter valued at $135,000. Evolution Wealth Advisors LLC purchased a new position in Loma Negra Compania Industrial Argentina during the 1st quarter valued at $143,000. Clear Creek Financial Management LLC purchased a new position in Loma Negra Compania Industrial Argentina during the 1st quarter valued at $211,000. Finally, Simplex Trading LLC boosted its holdings in Loma Negra Compania Industrial Argentina by 23.2% during the 1st quarter. Simplex Trading LLC now owns 19,725 shares of the company's stock valued at $216,000 after acquiring an additional 3,711 shares during the period. Institutional investors own 19.32% of the company's stock.

Wall Street Analysts Forecast Growth

LOMA has been the subject of a number of recent analyst reports. Citigroup initiated coverage on Loma Negra Compania Industrial Argentina in a report on Wednesday, June 18th. They set a "buy" rating and a $16.00 price objective for the company. Wall Street Zen cut Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $14.80.

Loma Negra Compania Industrial Argentina Stock Up 1.0%

Shares of LOMA traded up $0.07 during mid-day trading on Friday, reaching $7.20. The company had a trading volume of 1,465,271 shares, compared to its average volume of 844,313. The stock has a market capitalization of $840.24 million, a P/E ratio of 13.09 and a beta of 1.06. The stock has a 50 day moving average of $10.07 and a two-hundred day moving average of $10.91. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 52-week low of $7.06 and a 52-week high of $14.17.

Loma Negra Compania Industrial Argentina Company 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.