Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) by 49.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,624 shares of the company’s stock after selling 127,052 shares during the quarter. Stifel Financial Corp owned approximately 0.11% of Loma Negra Compañía Industrial Argentina Sociedad Anónima worth $1,524,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership purchased a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at approximately $15,543,000. INCA Investments LLC purchased a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter valued at approximately $8,986,000. William Blair Investment Management LLC acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter worth $3,867,000. Activest Wealth Management increased its position 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 worth $2,006,000 after acquiring an additional 166,017 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of 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 acquiring an additional 129,837 shares in the last quarter. 19.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Up 3.8 %

Shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima stock opened at $11.44 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 1.29 and a debt-to-equity ratio of 0.19. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 52-week low of $5.70 and a 52-week high of $13.79. The company has a market capitalization of $1.34 billion, a P/E ratio of 19.39 and a beta of 1.14. The company has a 50 day moving average of $10.74 and a 200 day moving average of $11.13.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 9.42% and a return on equity of 8.60%. As a group, research analysts forecast that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 EPS for the current fiscal year.

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.