JPMorgan Chase & Co. Acquires 129,837 Shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

JPMorgan Chase & Co. boosted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) by 459.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,091 shares of the company's stock after purchasing an additional 129,837 shares during the period. JPMorgan Chase & Co. owned about 0.14% of Loma Negra Compañía Industrial Argentina Sociedad Anónima worth $1,888,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. INCA Investments LLC acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at approximately $8,986,000. William Blair Investment Management LLC acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter valued at approximately $3,867,000. Activest Wealth Management raised its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 8,478.9% during the fourth quarter. Activest Wealth Management now owns 167,975 shares of the company's stock valued at $2,006,000 after acquiring an additional 166,017 shares during the last quarter. JGP Global Gestao de Recursos Ltda. acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter worth $785,000. Finally, Virtu Financial LLC lifted its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 104.8% during the fourth quarter. Virtu Financial LLC now owns 38,800 shares of the company's stock worth $463,000 after purchasing an additional 19,855 shares during the period. Institutional investors and hedge funds own 19.32% of the company's stock.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Down 3.1 %

Shares of LOMA traded down $0.36 during mid-day trading on Wednesday, reaching $11.20. 212,246 shares of the company were exchanged, compared to its average volume of 523,392. The business has a 50 day simple moving average of $10.74 and a two-hundred day simple moving average of $11.03. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 52 week low of $5.70 and a 52 week high of $13.79. The stock has a market capitalization of $1.31 billion, a PE ratio of 18.98 and a beta of 1.03. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 1.29.

Analyst Ratings Changes

Separately, Bank of America upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and increased their price objective for the company from $11.50 to $14.00 in a report on Wednesday, April 23rd.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima

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.