Systrade AG Has $2.39 Million Position in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

Key Points

• Systrade AG increased its stake in Loma Negra Compania Industrial Argentina by 1,714.2% in the second quarter, owning a total of 217,699 shares after acquiring an additional 205,699 shares.
• As of the latest reports, Loma Negra has a market capitalization of $893.92 million, with a price-to-earnings ratio of 13.93 and a consensus rating of "Buy" among analysts.
• Recent analyst actions include Wall Street Zen downgrading Loma Negra from "buy" to "hold", while Citigroup initiated coverage with a "buy" rating and a target price of $16.00.

Systrade AG lifted its stake in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) by 1,714.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 217,699 shares of the company's stock after acquiring an additional 205,699 shares during the quarter. Loma Negra Compania Industrial Argentina makes up 2.7% of Systrade AG's portfolio, making the stock its 6th biggest holding. Systrade AG owned 0.19% of Loma Negra Compania Industrial Argentina worth $2,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. INCA Investments LLC increased its stake in shares of Loma Negra Compania Industrial Argentina by 147.2% in the first quarter. INCA Investments LLC now owns 1,860,276 shares of the company's stock worth $20,444,000 after acquiring an additional 1,107,669 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Loma Negra Compania Industrial Argentina by 9.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,525,857 shares of the company's stock worth $16,769,000 after acquiring an additional 138,063 shares during the last quarter. Fourth Sail Capital LP acquired a new position in shares of Loma Negra Compania Industrial Argentina in the first quarter worth $14,735,000. Kapitalo Investimentos Ltda acquired a new position in shares of Loma Negra Compania Industrial Argentina in the first quarter worth $4,161,000. Finally, Two Sigma Investments LP increased its stake in shares of Loma Negra Compania Industrial Argentina by 280.7% in the fourth quarter. Two Sigma Investments LP now owns 205,002 shares of the company's stock worth $2,448,000 after acquiring an additional 151,155 shares during the last quarter. 19.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Citigroup assumed 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 MarketBeat, Loma Negra Compania Industrial Argentina currently has a consensus rating of "Buy" and a consensus price target of $14.80.

Loma Negra Compania Industrial Argentina Trading Up 1.0%

LOMA stock traded up $0.07 during trading on Friday, reaching $7.20. 1,465,271 shares of the stock were exchanged, compared to its average volume of 844,313. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a twelve month low of $7.06 and a twelve month high of $14.17. The company has a market capitalization of $840.24 million, a P/E ratio of 13.09 and a beta of 1.06. The stock has a 50 day simple moving average of $10.07 and a 200-day simple moving average of $10.91.

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.