XTX Topco Ltd Acquires New Holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

XTX Topco Ltd acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 23,872 shares of the company's stock, valued at approximately $285,000.

A number of other institutional investors have also made changes to their positions in LOMA. Arrowstreet Capital Limited Partnership purchased a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter valued at approximately $15,543,000. INCA Investments LLC bought a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter worth about $8,986,000. William Blair Investment Management LLC bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter worth about $3,867,000. Activest Wealth Management grew its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 8,478.9% in the fourth quarter. Activest Wealth Management now owns 167,975 shares of the company's stock worth $2,006,000 after purchasing an additional 166,017 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 459.5% in the fourth quarter. JPMorgan Chase & Co. now owns 158,091 shares of the company's stock valued at $1,888,000 after buying an additional 129,837 shares during the last quarter. 19.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

Shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima stock traded down $0.12 during trading hours on Thursday, reaching $11.09. The company's stock had a trading volume of 21,371 shares, compared to its average volume of 521,410. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a one year low of $5.70 and a one year high of $13.79. The company's 50 day simple moving average is $10.74 and its 200 day simple moving average is $11.03. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 1.29. The stock has a market cap of $1.29 billion, a P/E ratio of 18.80 and a beta of 1.03.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Company Profile

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.