INCA Investments LLC lifted its position in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) by 147.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,860,276 shares of the company's stock after acquiring an additional 1,107,669 shares during the quarter. Loma Negra Compania Industrial Argentina makes up 9.4% of INCA Investments LLC's investment portfolio, making the stock its 4th largest position. INCA Investments LLC owned approximately 1.59% of Loma Negra Compania Industrial Argentina worth $20,444,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Insigneo Advisory Services LLC bought a new position in Loma Negra Compania Industrial Argentina in the 1st quarter worth about $135,000. Clear Creek Financial Management LLC purchased a new position in Loma Negra Compania Industrial Argentina in the 1st quarter worth approximately $211,000. BNP Paribas Financial Markets increased its stake in Loma Negra Compania Industrial Argentina by 57.5% in the 4th quarter. BNP Paribas Financial Markets now owns 19,807 shares of the company's stock worth $236,000 after purchasing an additional 7,232 shares during the period. Raymond James Financial Inc. purchased a new position in Loma Negra Compania Industrial Argentina in the 4th quarter worth approximately $270,000. Finally, XTX Topco Ltd bought a new stake in shares of Loma Negra Compania Industrial Argentina in the 4th quarter worth approximately $285,000. Institutional investors own 19.32% of the company's stock.
Analyst Upgrades and Downgrades
LOMA has been the topic of a number of recent analyst reports. Citigroup began coverage on Loma Negra Compania Industrial Argentina in a research report on Wednesday, June 18th. They issued a "buy" rating and a $16.00 price objective on the stock. Itau BBA Securities raised Loma Negra Compania Industrial Argentina from a "market perform" rating to an "outperform" rating and set a $14.20 target price on the stock in a report on Monday, May 12th. Morgan Stanley upgraded Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $13.00 to $15.00 in a research note on Tuesday, May 20th. Wall Street Zen cut Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Bank of America upgraded Loma Negra Compania Industrial Argentina from a "neutral" rating to a "buy" rating and upped their price objective for the company from $11.50 to $14.00 in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $14.80.
Read Our Latest Stock Analysis on Loma Negra Compania Industrial Argentina
Loma Negra Compania Industrial Argentina Stock Performance
NYSE:LOMA traded up $0.12 during mid-day trading on Thursday, hitting $11.31. 160,791 shares of the company traded hands, compared to its average volume of 492,555. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 13.32 and a beta of 1.05. The company has a quick ratio of 0.23, a current ratio of 0.90 and a debt-to-equity ratio of 0.02. The stock's fifty day moving average price is $11.94 and its 200-day moving average price is $11.52. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a one year low of $5.70 and a one year high of $14.17.
Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) last released its quarterly earnings data 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. Loma Negra Compania Industrial Argentina had a return on equity of 12.51% and a net margin of 14.52%. The firm had revenue of $135.42 billion during the quarter, compared to analyst estimates of $151 billion. Research analysts anticipate that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 earnings per share for the current fiscal year.
Loma Negra Compania Industrial Argentina Profile
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Free Report)
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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