Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Loma Negra Compania Industrial Argentina S.A. has been given a consensus rating of "Moderate Buy" by five brokerages, with an average 1-year price target of $14.80.
• Recent activity among institutional investors includes Two Sigma Advisers LP purchasing a new position valued at approximately $500,000 and GAMMA Investing LLC increasing its holdings by 935.8% during Q1.
• The company's stock is currently trading at $7.43, showing a small increase of 0.3%, with a 52-week range between $7.04 and $14.17.

Shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $14.80.

A number of research analysts have recently issued reports on LOMA shares. Wall Street Zen cut shares of Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Loma Negra Compania Industrial Argentina in a report on Saturday, September 27th. Finally, Citigroup started coverage on shares of Loma Negra Compania Industrial Argentina in a report on Wednesday, June 18th. They set a "buy" rating and a $16.00 price objective for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LOMA. Two Sigma Advisers LP bought a new position in shares of Loma Negra Compania Industrial Argentina during the 4th quarter valued at approximately $500,000. GAMMA Investing LLC grew its position in shares of Loma Negra Compania Industrial Argentina by 935.8% during 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. Insigneo Advisory Services LLC bought a new position in shares of Loma Negra Compania Industrial Argentina during the 1st quarter valued at approximately $135,000. Clear Creek Financial Management LLC bought a new position in shares of Loma Negra Compania Industrial Argentina during the 1st quarter valued at approximately $211,000. Finally, INCA Investments LLC grew its position in shares of Loma Negra Compania Industrial Argentina by 147.2% during the 1st quarter. INCA Investments LLC now owns 1,860,276 shares of the company's stock valued at $20,444,000 after acquiring an additional 1,107,669 shares during the period. 19.32% of the stock is owned by institutional investors.

Loma Negra Compania Industrial Argentina Stock Up 0.3%

LOMA traded up $0.02 during midday trading on Friday, hitting $7.43. The company had a trading volume of 550,205 shares, compared to its average volume of 466,802. Loma Negra Compania Industrial Argentina has a 52 week low of $7.04 and a 52 week high of $14.17. The company has a market capitalization of $867.43 million, a price-to-earnings ratio of 13.51 and a beta of 0.98. The stock's 50 day moving average price is $9.52 and its 200 day moving average price is $10.72.

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.

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