Capital International Investors Trims Stock Position in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

Capital International Investors lessened its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) by 37.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,659,895 shares of the company's stock after selling 2,840,718 shares during the period. Capital International Investors owned 3.99% of Loma Negra Compañía Industrial Argentina Sociedad Anónima worth $55,639,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. INCA Investments LLC acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter worth approximately $8,986,000. GAMMA Investing LLC grew its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 126.5% during the fourth quarter. GAMMA Investing LLC now owns 4,455 shares of the company's stock worth $53,000 after acquiring an additional 2,488 shares during the period. Activest Wealth Management raised its position 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 acquiring an additional 166,017 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at $109,000. Finally, JGP Global Gestao de Recursos Ltda. purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter worth $785,000. 19.32% of the stock is owned by hedge funds and other institutional investors.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

Shares of LOMA traded up $0.24 on Thursday, reaching $11.89. The stock had a trading volume of 507,458 shares, compared to its average volume of 525,967. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a twelve month low of $5.70 and a twelve month high of $13.79. The firm has a market capitalization of $1.39 billion, a PE ratio of 20.15 and a beta of 1.03. The firm has a 50-day moving average of $10.75 and a 200 day moving average of $10.93. The company has a quick ratio of 0.43, a current ratio of 1.29 and a debt-to-equity ratio of 0.19.

Wall Street Analyst Weigh In

Separately, Bank of America upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and raised their price objective for the company from $11.50 to $14.00 in a research note on Wednesday.

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.