Aberdeen Group plc Has $9.04 Million Position in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

Aberdeen Group plc grew its position in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) by 16.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,201,100 shares of the company’s stock after acquiring an additional 171,210 shares during the quarter. Aberdeen Group plc owned 1.03% of Loma Negra Compania Industrial Argentina worth $9,044,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Loma Negra Compania Industrial Argentina in the 2nd quarter worth about $121,000. Insigneo Advisory Services LLC raised its position in shares of Loma Negra Compania Industrial Argentina by 89.6% during the second quarter. Insigneo Advisory Services LLC now owns 23,342 shares of the company’s stock worth $256,000 after acquiring an additional 11,031 shares during the last quarter. Engineers Gate Manager LP boosted its stake in shares of Loma Negra Compania Industrial Argentina by 35.3% in the 2nd quarter. Engineers Gate Manager LP now owns 24,773 shares of the company’s stock valued at $272,000 after purchasing an additional 6,463 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Loma Negra Compania Industrial Argentina by 5.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company’s stock worth $344,000 after acquiring an additional 1,524 shares during the period. Finally, State of Wyoming bought a new stake in Loma Negra Compania Industrial Argentina in the third quarter valued at about $314,000. Institutional investors and hedge funds own 19.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wall Street Zen lowered shares of Loma Negra Compania Industrial Argentina from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Loma Negra Compania Industrial Argentina in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Loma Negra Compania Industrial Argentina presently has an average rating of “Moderate Buy” and a consensus target price of $14.80.

Loma Negra Compania Industrial Argentina Price Performance

Loma Negra Compania Industrial Argentina stock opened at $11.47 on Friday. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 52-week low of $7.04 and a 52-week high of $14.17. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.61 and a current ratio of 1.24. The stock’s 50 day moving average price is $12.08 and its two-hundred day moving average price is $10.59.

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.