MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) by 9.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,525,857 shares of the company's stock after acquiring an additional 138,063 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.31% of Loma Negra Compania Industrial Argentina worth $16,769,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings 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 valued at $507,000 after acquiring an additional 41,692 shares during the period. Two Sigma Advisers LP purchased a new position in shares of Loma Negra Compania Industrial Argentina in the 4th quarter valued at $500,000. BNP Paribas Financial Markets increased its holdings 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 during the period. 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 currently owned by hedge funds and other institutional investors.
Loma Negra Compania Industrial Argentina Stock Performance
Loma Negra Compania Industrial Argentina stock opened at $7.98 on Tuesday. The business's 50-day simple moving average is $10.69 and its two-hundred day simple moving average is $11.11. The company has a market cap of $930.92 million, a PE ratio of 14.50 and a beta of 1.06. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a fifty-two week low of $6.98 and a fifty-two week high of $14.17.
Analyst Ratings Changes
LOMA has been the topic of several research analyst reports. Citigroup initiated coverage on Loma Negra Compania Industrial Argentina in a research note on Wednesday, June 18th. They set a "buy" rating and a $16.00 target price on the stock. Itau BBA Securities upgraded Loma Negra Compania Industrial Argentina from a "market perform" rating to an "outperform" rating and set a $14.20 target price on the stock in a research note on Monday, May 12th. 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. Finally, Wall Street Zen downgraded 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, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $14.80.
Read Our Latest Analysis on Loma Negra Compania Industrial Argentina
Loma Negra Compania Industrial Argentina Profile
(
Free Report)
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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