JPMorgan Chase & Co. Has $1.89 Million Position in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

JPMorgan Chase & Co. raised its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) by 459.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,091 shares of the company's stock after purchasing an additional 129,837 shares during the period. JPMorgan Chase & Co. owned approximately 0.14% of Loma Negra Compañía Industrial Argentina Sociedad Anónima worth $1,888,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 126.5% in the fourth quarter. GAMMA Investing LLC now owns 4,455 shares of the company's stock valued at $53,000 after purchasing an additional 2,488 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter valued at approximately $109,000. Systrade AG acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter valued at approximately $143,000. Virtu Financial LLC lifted its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 21.5% during the 3rd quarter. Virtu Financial LLC now owns 18,945 shares of the company's stock worth $153,000 after acquiring an additional 3,355 shares during the period. Finally, SkyView Investment Advisors LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 3rd quarter worth approximately $161,000. Institutional investors and hedge funds own 19.32% of the company's stock.

Analyst Ratings Changes

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

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

Shares of LOMA stock traded down $0.22 on Friday, hitting $11.65. 203,002 shares of the company's stock were exchanged, compared to its average volume of 527,302. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 12 month low of $5.70 and a 12 month high of $13.79. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.29 and a quick ratio of 0.43. The company has a 50 day moving average of $10.75 and a 200 day moving average of $10.99. The stock has a market cap of $1.36 billion, a P/E ratio of 19.74 and a beta of 1.03.

Loma Negra Compañía Industrial Argentina Sociedad Anónima 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.