Liontrust Investment Partners LLP Sells 80,000 Shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

Key Points

• Liontrust Investment Partners LLP significantly reduced its holdings in Loma Negra Compania Industrial Argentina by 84.2%, holding just 15,000 shares valued at $165,000 as of the latest SEC filing.
• Other institutional investors are increasingly active, with INCA Investments LLC boosting its stake by 147.2%, now holding shares valued at approximately $20.4 million.
• Loma Negra's stock has a current market price of $10.45, with analysts providing mixed ratings; Citigroup issues a 'buy' rating with a target of $16.00 while others recommend holding.

Liontrust Investment Partners LLP decreased its holdings in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) by 84.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 15,000 shares of the company's stock after selling 80,000 shares during the period. Liontrust Investment Partners LLP's holdings in Loma Negra Compania Industrial Argentina were worth $165,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. 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 valued at $507,000 after buying an additional 41,692 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of Loma Negra Compania Industrial Argentina during the 4th quarter worth approximately $500,000. BNP Paribas Financial Markets increased its stake in shares of 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 valued at $236,000 after acquiring an additional 7,232 shares in the last quarter. Bank of America Corp DE boosted its stake in Loma Negra Compania Industrial Argentina by 187.9% during the fourth quarter. Bank of America Corp DE now owns 150,808 shares of the company's stock worth $1,801,000 after acquiring an additional 98,417 shares in the last quarter. Finally, Raymond James Financial Inc. acquired 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.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Citigroup began coverage on shares of Loma Negra Compania Industrial Argentina in a research report on Wednesday, June 18th. They set a "buy" rating and a $16.00 price objective on the stock. Bank of America upgraded shares of Loma Negra Compania Industrial Argentina from a "neutral" rating to a "buy" rating and upped their target price for the stock from $11.50 to $14.00 in a report on Wednesday, April 23rd. Morgan Stanley upgraded Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $13.00 to $15.00 in a report on Tuesday, May 20th. 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 report on Monday, May 12th. Finally, Wall Street Zen cut Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $14.80.

Loma Negra Compania Industrial Argentina Stock Up 1.1%

Loma Negra Compania Industrial Argentina stock traded up $0.11 during mid-day trading on Thursday, reaching $10.29. 81,403 shares of the company's stock were exchanged, compared to its average volume of 390,459. The firm has a market capitalization of $1.20 billion, a PE ratio of 18.70 and a beta of 1.01. The business's fifty day simple moving average is $11.21 and its 200 day simple moving average is $11.34. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a one year low of $6.76 and a one year high of $14.17.

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.