INCA Investments LLC Has $21.24 Million Stake in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

Key Points

• INCA Investments LLC increased its stake in Loma Negra Compania Industrial Argentina to $21.24 million, amounting to 1.66% of the company's total shares.
• Hedge funds and institutional investors currently own 19.32% of Loma Negra, with several new stakes purchased in the first quarter of the year.
• Analyst ratings for Loma Negra include a recent downgrade to a "sell" by Weiss Ratings, while Citigroup issued a "buy" rating with a target price of $16.00.

INCA Investments LLC grew its stake in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,936,036 shares of the company's stock after purchasing an additional 75,760 shares during the period. Loma Negra Compania Industrial Argentina makes up about 8.2% of INCA Investments LLC's portfolio, making the stock its 7th biggest position. INCA Investments LLC owned about 1.66% of Loma Negra Compania Industrial Argentina worth $21,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of LOMA. Deuterium Capital Management LLC purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the first quarter worth approximately $110,000. Insigneo Advisory Services LLC purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the first quarter worth approximately $135,000. Evolution Wealth Advisors LLC purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the first quarter worth approximately $143,000. Clear Creek Financial Management LLC purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the first quarter worth approximately $211,000. Finally, Simplex Trading LLC raised its holdings in shares of Loma Negra Compania Industrial Argentina by 23.2% in the first quarter. Simplex Trading LLC now owns 19,725 shares of the company's stock worth $216,000 after buying an additional 3,711 shares during the period. 19.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Weiss Ratings downgraded Loma Negra Compania Industrial Argentina from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, October 8th. Citigroup assumed coverage on Loma Negra Compania Industrial Argentina in a report on Wednesday, June 18th. They issued a "buy" rating and a $16.00 price target on the stock. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Loma Negra Compania Industrial Argentina currently has an average rating of "Moderate Buy" and an average target price of $14.80.

Loma Negra Compania Industrial Argentina Stock Up 1.5%

LOMA opened at $7.93 on Thursday. The stock's fifty day moving average is $8.78 and its two-hundred day moving average is $10.52. The company has a market capitalization of $924.82 million, a P/E ratio of 14.41 and a beta of 0.98. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 52 week low of $7.04 and a 52 week high of $14.17.

About Loma Negra Compania Industrial Argentina

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.

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