JPMorgan Chase & Co. Has $968,000 Stock Holdings in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

Key Points

• JPMorgan Chase & Co. cut its position by 63.5% in Loma Negra in Q3 and now holds 131,291 shares worth $968,000, representing about 0.11% of the company.
• Several other institutions increased or opened stakes—RWC Asset Management boosted its holding to 1,436,459 shares (~$10.6M) and Aberdeen to 1,201,100 shares (~$9.0M)—and institutional investors own 19.32% of LOMA.
• LOMA trades around $11.57 with a 52-week range of $7.04–$14.17 and a market cap of ~$1.35B; the company reported $0.04 EPS last quarter, and analysts hold a consensus “Moderate Buy” with an average price target of $14.80.

JPMorgan Chase & Co. cut its position in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) by 63.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,291 shares of the company's stock after selling 228,396 shares during the period. JPMorgan Chase & Co. owned 0.11% of Loma Negra Compania Industrial Argentina worth $968,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. RWC Asset Management LLP boosted its stake in Loma Negra Compania Industrial Argentina by 21.8% during the 3rd quarter. RWC Asset Management LLP now owns 1,436,459 shares of the company's stock valued at $10,587,000 after purchasing an additional 257,318 shares during the last quarter. Aberdeen Group plc boosted its stake in Loma Negra Compania Industrial Argentina by 16.6% during the 3rd quarter. Aberdeen Group plc now owns 1,201,100 shares of the company's stock valued at $9,044,000 after purchasing an additional 171,210 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Loma Negra Compania Industrial Argentina during the 3rd quarter valued at about $8,229,000. M&G PLC acquired a new position in Loma Negra Compania Industrial Argentina during the 3rd quarter valued at about $5,968,000. Finally, Kapitalo Investimentos Ltda boosted its stake in Loma Negra Compania Industrial Argentina by 1.9% during the 3rd quarter. Kapitalo Investimentos Ltda now owns 385,734 shares of the company's stock valued at $2,843,000 after purchasing an additional 7,134 shares during the last quarter. Institutional investors and hedge funds own 19.32% of the company's stock.

Loma Negra Compania Industrial Argentina Price Performance

LOMA stock opened at $11.57 on Friday. 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. The business has a 50-day simple moving average of $10.82 and a two-hundred day simple moving average of $10.86. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.48 and a current ratio of 1.44. The company has a market capitalization of $1.35 billion, a P/E ratio of 72.32 and a beta of 0.77.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) last posted its earnings results on Sunday, February 15th. The company reported $0.04 EPS for the quarter. Loma Negra Compania Industrial Argentina had a net margin of 2.97% and a return on equity of 2.25%. The firm had revenue of $165.73 million for the quarter. Research analysts expect that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of Loma Negra Compania Industrial Argentina in a research note on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $14.80.

Loma Negra Compania Industrial Argentina Profile

Loma Negra Compañía Industrial Argentina SA is the leading cement producer in Argentina, with a history dating back to its founding in Buenos Aires in 1926. The company operates an integrated network of cement and lime plants, as well as quarries and ready-mix concrete facilities. Its operations encompass the extraction of limestone, the production of clinker, hydraulic cement and quicklime, and the distribution of aggregates and concrete for a wide range of construction projects.

The company's product portfolio serves residential, commercial, industrial and public infrastructure markets across Argentina.

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