Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA is Ancient Art L.P.'s 8th Largest Position

Key Points

• Ancient Art L.P. has reduced its stake in Loma Negra Compania Industrial Argentina by 4.5%, now holding approximately 1.44 million shares worth around $15.78 million, making it the firm's 8th largest position.
• Several institutional investors, including INCA Investments LLC and D. E. Shaw & Co. Inc., significantly increased their stakes, with INCA Investments up by 147.2% to over 1.86 million shares.
• Research analysts have mixed ratings on the stock, with Wall Street Zen downgrading it to a "hold", while others like Itau BBA Securities and Citigroup provide "buy" ratings, indicating ongoing interest and volatility in its valuation.

Ancient Art L.P. lowered its holdings in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) by 4.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,435,809 shares of the company's stock after selling 67,466 shares during the period. Loma Negra Compania Industrial Argentina comprises 4.7% of Ancient Art L.P.'s portfolio, making the stock its 8th largest holding. Ancient Art L.P. owned approximately 1.23% of Loma Negra Compania Industrial Argentina worth $15,780,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cubist Systematic Strategies LLC increased its stake in shares of Loma Negra Compania Industrial Argentina by 576.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 180,122 shares of the company's stock valued at $1,980,000 after acquiring an additional 153,503 shares during the last quarter. Activest Wealth Management grew its stake in shares of Loma Negra Compania Industrial Argentina by 0.9% during the 1st quarter. Activest Wealth Management now owns 169,538 shares of the company's stock worth $1,863,000 after acquiring an additional 1,563 shares in the last quarter. Fox Run Management L.L.C. bought a new position in shares of Loma Negra Compania Industrial Argentina during the 1st quarter worth approximately $445,000. Simplex Trading LLC grew its stake in shares of Loma Negra Compania Industrial Argentina by 23.2% in the first quarter. Simplex Trading LLC now owns 19,725 shares of the company's stock valued at $216,000 after buying an additional 3,711 shares in the last quarter. Finally, Evolution Wealth Advisors LLC acquired a new stake in shares of Loma Negra Compania Industrial Argentina during the 1st quarter worth about $143,000. Institutional investors and hedge funds own 19.32% of the company's stock.

Loma Negra Compania Industrial Argentina Price Performance

Shares of NYSE LOMA traded down $0.75 during mid-day trading on Monday, hitting $8.26. The company had a trading volume of 892,021 shares, compared to its average volume of 416,498. The company has a market capitalization of $963.36 million, a PE ratio of 15.01 and a beta of 1.06. The business's 50-day simple moving average is $10.75 and its 200 day simple moving average is $11.13. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 1-year low of $6.98 and a 1-year high of $14.17.

Analysts Set New Price Targets

A number of research firms have issued reports on LOMA. 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 on the stock in a report on Monday, May 12th. Morgan Stanley raised Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $13.00 to $15.00 in a research report on Tuesday, May 20th. Wall Street Zen lowered Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Citigroup started coverage on Loma Negra Compania Industrial Argentina in a research note on Wednesday, June 18th. They set a "buy" rating and a $16.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $14.80.

About Loma Negra Compania Industrial Argentina

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.