Kapitalo Investimentos Ltda Invests $4.16 Million in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA)

Key Points

• Kapitalo Investimentos Ltda invested $4.16 million in Loma Negra Compania Industrial Argentina S.A., purchasing approximately 378,600 shares during the first quarter.
• Multiple hedge funds increased their stakes in Loma Negra, with significant changes including a 935.8% increase by GAMMA Investing LLC and a 187.9% boost by Bank of America Corp DE.
• Loma Negra's stock is currently showing a 1.6% increase and has an average price target of $14.80, indicating a potential for growth according to analysts.

Kapitalo Investimentos Ltda purchased a new position in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 378,600 shares of the company's stock, valued at approximately $4,161,000. Loma Negra Compania Industrial Argentina comprises 0.8% of Kapitalo Investimentos Ltda's portfolio, making the stock its 23rd biggest holding. Kapitalo Investimentos Ltda owned approximately 0.32% of Loma Negra Compania Industrial Argentina as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of Loma Negra Compania Industrial Argentina by 935.8% in the first quarter. GAMMA Investing LLC now owns 46,147 shares of the company's stock worth $507,000 after acquiring an additional 41,692 shares during the last quarter. Two Sigma Advisers LP acquired a new position in shares of Loma Negra Compania Industrial Argentina in the fourth quarter worth $500,000. BNP Paribas Financial Markets increased its stake in shares of Loma Negra Compania Industrial Argentina by 57.5% in the fourth quarter. BNP Paribas Financial Markets now owns 19,807 shares of the company's stock worth $236,000 after acquiring an additional 7,232 shares during the last quarter. Bank of America Corp DE boosted its holdings in Loma Negra Compania Industrial Argentina by 187.9% in the fourth quarter. Bank of America Corp DE now owns 150,808 shares of the company's stock worth $1,801,000 after purchasing an additional 98,417 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Loma Negra Compania Industrial Argentina in the fourth quarter worth $270,000. 19.32% of the stock is owned by institutional investors and hedge funds.

Loma Negra Compania Industrial Argentina Stock Up 1.6%

LOMA stock opened at $11.63 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.90 and a quick ratio of 0.23. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 52-week low of $5.70 and a 52-week high of $14.17. The company has a 50-day moving average of $11.71 and a two-hundred day moving average of $11.37. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 13.85 and a beta of 1.05.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.05. Loma Negra Compania Industrial Argentina had a net margin of 14.52% and a return on equity of 12.51%. The company had revenue of $135.42 billion during the quarter, compared to analysts' expectations of $151 billion. As a group, equities research analysts anticipate that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LOMA. Itau BBA Securities upgraded shares of Loma Negra Compania Industrial Argentina from a "market perform" rating to an "outperform" rating and set a $14.20 price objective for the company in a report on Monday, May 12th. Bank of America upgraded shares of Loma Negra Compania Industrial Argentina from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $11.50 to $14.00 in a report on Wednesday, April 23rd. Morgan Stanley upgraded shares of Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $13.00 to $15.00 in a report on Tuesday, May 20th. Citigroup began coverage on shares of Loma Negra Compania Industrial Argentina in a report on Wednesday, June 18th. They issued a "buy" rating and a $16.00 price objective for the company. Finally, Wall Street Zen cut shares of Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $14.80.

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.

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