RWC Asset Management LLP boosted its holdings in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA – Free Report) by 36.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,965,612 shares of the company’s stock after acquiring an additional 529,153 shares during the quarter. Loma Negra Compania Industrial Argentina accounts for about 1.3% of RWC Asset Management LLP’s investment portfolio, making the stock its 23rd largest position. RWC Asset Management LLP’s holdings in Loma Negra Compania Industrial Argentina were worth $25,455,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Van ECK Associates Corp purchased a new position in shares of Loma Negra Compania Industrial Argentina during the third quarter worth about $28,000. Banco Santander S.A. bought a new stake in Loma Negra Compania Industrial Argentina during the third quarter valued at approximately $101,000. Advisors Preferred LLC purchased a new position in Loma Negra Compania Industrial Argentina in the 3rd quarter worth approximately $133,000. Savant Capital LLC purchased a new position in Loma Negra Compania Industrial Argentina in the 4th quarter worth approximately $180,000. Finally, Dodge & Cox increased its holdings in shares of Loma Negra Compania Industrial Argentina by 17.0% in the 3rd quarter. Dodge & Cox now owns 36,400 shares of the company’s stock worth $268,000 after buying an additional 5,300 shares during the last quarter. Hedge funds and other institutional investors own 19.32% of the company’s stock.
Loma Negra Compania Industrial Argentina Price Performance
LOMA stock opened at $11.12 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.65 and a current ratio of 2.02. The firm has a market cap of $1.30 billion, a P/E ratio of 46.35, a P/E/G ratio of 0.47 and a beta of 0.76. The firm’s fifty day moving average is $11.19 and its 200 day moving average is $11.47. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 52 week low of $7.04 and a 52 week high of $13.20.
Analysts Set New Price Targets
Several research firms have recently weighed in on LOMA. Wall Street Zen upgraded shares of Loma Negra Compania Industrial Argentina from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Loma Negra Compania Industrial Argentina currently has an average rating of “Moderate Buy” and an average price target of $16.00.
Check Out Our Latest Report on LOMA
Loma Negra Compania Industrial Argentina Company Profile
Loma Negra Compañía Industrial Argentina SA is the leading cement producer in Argentina, with a history dating back to its founding in Buenos Aires in 1926. The company operates an integrated network of cement and lime plants, as well as quarries and ready-mix concrete facilities. Its operations encompass the extraction of limestone, the production of clinker, hydraulic cement and quicklime, and the distribution of aggregates and concrete for a wide range of construction projects.
The company’s product portfolio serves residential, commercial, industrial and public infrastructure markets across Argentina.
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