Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Stock Position Boosted by Bank of America Corp DE

Bank of America Corp DE lifted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) by 187.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,808 shares of the company's stock after buying an additional 98,417 shares during the period. Bank of America Corp DE owned approximately 0.13% of Loma Negra Compañía Industrial Argentina Sociedad Anónima worth $1,801,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership purchased a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter worth $15,543,000. INCA Investments LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter worth $8,986,000. William Blair Investment Management LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter worth $3,867,000. Activest Wealth Management lifted its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 8,478.9% in the 4th quarter. Activest Wealth Management now owns 167,975 shares of the company's stock worth $2,006,000 after acquiring an additional 166,017 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 459.5% in the 4th quarter. JPMorgan Chase & Co. now owns 158,091 shares of the company's stock worth $1,888,000 after acquiring an additional 129,837 shares during the period. 19.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on LOMA. Bank of America upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and raised their target price for the stock from $11.50 to $14.00 in a research note on Wednesday, April 23rd. Itau BBA Securities upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "market perform" rating to an "outperform" rating and set a $14.20 target price for the company in a report on Monday, May 12th. Finally, Morgan Stanley upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $13.00 to $15.00 in a report on Tuesday, May 20th.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Down 3.1%

LOMA traded down $0.39 during trading on Thursday, hitting $12.07. 352,434 shares of the company's stock were exchanged, compared to its average volume of 496,589. The stock has a 50 day moving average price of $11.46 and a 200 day moving average price of $11.57. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 1 year low of $5.70 and a 1 year high of $14.17. The company has a current ratio of 1.29, a quick ratio of 0.43 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1.41 billion, a P/E ratio of 20.46 and a beta of 1.14.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. The firm had revenue of $135.42 billion for the quarter, compared to analysts' expectations of $151 billion. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 9.42% and a return on equity of 8.60%. As a group, analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 EPS for the current fiscal year.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima

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.