Bank of America Corp DE Has $1.80 Million Holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

Bank of America Corp DE grew its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) by 187.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 150,808 shares of the company's stock after purchasing an additional 98,417 shares during the quarter. Bank of America Corp DE owned about 0.13% of Loma Negra Compañía Industrial Argentina Sociedad Anónima worth $1,801,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at about $15,543,000. INCA Investments LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at about $8,986,000. William Blair Investment Management LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at about $3,867,000. Activest Wealth Management grew its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 8,478.9% in the fourth quarter. Activest Wealth Management now owns 167,975 shares of the company's stock valued at $2,006,000 after purchasing an additional 166,017 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 459.5% in the fourth quarter. JPMorgan Chase & Co. now owns 158,091 shares of the company's stock valued at $1,888,000 after purchasing an additional 129,837 shares during the last quarter. 19.32% of the stock is owned by institutional investors and hedge funds.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

LOMA stock traded down $0.05 during trading on Friday, reaching $12.13. 334,170 shares of the stock were exchanged, compared to its average volume of 496,411. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a twelve month low of $5.70 and a twelve month high of $14.17. The company has a market capitalization of $1.42 billion, a P/E ratio of 20.56 and a beta of 1.14. The stock has a 50 day simple moving average of $11.53 and a 200-day simple moving average of $11.59. The company has a current ratio of 1.29, a quick ratio of 0.43 and a debt-to-equity ratio of 0.19.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.05. The business had revenue of $135.42 billion for the quarter, compared to the consensus estimate of $151 billion. 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 anticipate that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 earnings per share for the current year.

Analyst Ratings Changes

LOMA has been the topic of several research analyst reports. Wall Street Zen raised Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "hold" rating to a "buy" rating in a research report on Friday. Morgan Stanley raised Loma Negra Compañía Industrial Argentina Sociedad Anónima from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $13.00 to $15.00 in a research report on Tuesday, May 20th. Itau BBA Securities raised Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "market perform" rating to an "outperform" rating and set a $14.20 target price on the stock in a research report on Monday, May 12th. Finally, Bank of America raised Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $11.50 to $14.00 in a research report on Wednesday, April 23rd.

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.