378,600 Shares in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) Bought by Kapitalo Investimentos Ltda

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 shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 378,600 shares of the company's stock, valued at approximately $4,161,000. Loma Negra Compania Industrial Argentina comprises approximately 0.8% of Kapitalo Investimentos Ltda's portfolio, making the stock its 23rd largest holding. Kapitalo Investimentos Ltda owned about 0.32% of Loma Negra Compania Industrial Argentina at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC raised its position in shares of Loma Negra Compania Industrial Argentina by 935.8% in the 1st quarter. GAMMA Investing LLC now owns 46,147 shares of the company's stock worth $507,000 after acquiring an additional 41,692 shares in the last quarter. Two Sigma Advisers LP purchased a new position in Loma Negra Compania Industrial Argentina during the 4th quarter worth $500,000. BNP Paribas Financial Markets grew its stake in Loma Negra Compania Industrial Argentina by 57.5% during the 4th quarter. BNP Paribas Financial Markets now owns 19,807 shares of the company's stock worth $236,000 after buying an additional 7,232 shares during the last quarter. Bank of America Corp DE grew its stake in Loma Negra Compania Industrial Argentina by 187.9% during the 4th quarter. Bank of America Corp DE now owns 150,808 shares of the company's stock worth $1,801,000 after buying an additional 98,417 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Loma Negra Compania Industrial Argentina during the 4th quarter worth $270,000. 19.32% of the stock is owned by institutional investors.

Loma Negra Compania Industrial Argentina Stock Performance

LOMA stock traded down $0.30 during trading on Wednesday, hitting $11.88. The company had a trading volume of 224,909 shares, compared to its average volume of 378,380. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 1-year low of $5.70 and a 1-year high of $14.17. The firm has a 50-day moving average price of $11.68 and a 200-day moving average price of $11.36. The firm has a market cap of $1.39 billion, a PE ratio of 14.09 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.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.12 by $0.05. The business had revenue of $135.42 billion for the quarter, compared to analyst estimates of $151 billion. Loma Negra Compania Industrial Argentina had a return on equity of 12.51% and a net margin of 14.52%. On average, analysts expect that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 earnings per share for the current year.

Analysts Set New Price Targets

LOMA has been the topic of several research analyst reports. Morgan Stanley upgraded Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $13.00 to $15.00 in a research note on Tuesday, May 20th. Wall Street Zen downgraded Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Bank of America raised Loma Negra Compania Industrial Argentina from a "neutral" rating to a "buy" rating and increased their target price for the company from $11.50 to $14.00 in a report on Wednesday, April 23rd. Itau BBA Securities upgraded Loma Negra Compania Industrial Argentina from a "market perform" rating to an "outperform" rating and set a $14.20 price target for the company in a research report on Monday, May 12th. Finally, Citigroup started 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 target for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $14.80.

Loma Negra Compania Industrial Argentina Company 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.