Cubist Systematic Strategies LLC Buys 153,503 Shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

Key Points

• Cubist Systematic Strategies LLC increased its stake in Loma Negra Compania Industrial Argentina by 576.7% in the first quarter, acquiring an additional 153,503 shares and totaling 180,122 shares valued at approximately $1.98 million.
• Several institutional investors are actively trading Loma Negra's stock, with hedge funds currently owning 19.32% of the company, highlighting increased interest in this firm.
• Research analysts are optimistic, with an average price target of $14.80 for Loma Negra shares, following recent upgrades and coverage initiations from firms like Itau BBA and Citigroup.

Cubist Systematic Strategies LLC grew its holdings in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) by 576.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,122 shares of the company's stock after purchasing an additional 153,503 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.15% of Loma Negra Compania Industrial Argentina worth $1,980,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Deuterium Capital Management LLC bought a new stake in shares of Loma Negra Compania Industrial Argentina in the first quarter valued at approximately $110,000. Insigneo Advisory Services LLC purchased a new stake in Loma Negra Compania Industrial Argentina in the 1st quarter worth approximately $135,000. Evolution Wealth Advisors LLC purchased a new stake in Loma Negra Compania Industrial Argentina in the 1st quarter worth approximately $143,000. Clear Creek Financial Management LLC purchased a new stake in Loma Negra Compania Industrial Argentina in the 1st quarter worth approximately $211,000. Finally, Simplex Trading LLC lifted its stake in Loma Negra Compania Industrial Argentina by 23.2% in the 1st quarter. Simplex Trading LLC now owns 19,725 shares of the company's stock worth $216,000 after purchasing an additional 3,711 shares in the last quarter. Institutional investors own 19.32% of the company's stock.

Wall Street Analysts Forecast Growth

LOMA has been the topic of several recent analyst reports. Morgan Stanley upgraded shares of Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $13.00 to $15.00 in a research note on Tuesday, May 20th. Wall Street Zen cut shares of Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, Citigroup initiated coverage on shares of Loma Negra Compania Industrial Argentina in a research note on Wednesday, June 18th. They issued a "buy" rating and a $16.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $14.80.

Loma Negra Compania Industrial Argentina Trading Up 0.7%

Shares of NYSE:LOMA traded up $0.06 during trading on Wednesday, reaching $8.03. The company had a trading volume of 829,954 shares, compared to its average volume of 430,528. The company has a fifty day moving average of $10.63 and a two-hundred day moving average of $11.09. The stock has a market capitalization of $936.73 million, a P/E ratio of 14.59 and a beta of 1.06. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 12 month low of $7.20 and a 12 month high of $14.17.

Loma Negra Compania Industrial Argentina 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.