Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Rating Increased to Buy at Bank of America

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) was upgraded by Bank of America from a "neutral" rating to a "buy" rating in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. The firm currently has a $14.00 price target on the stock. Bank of America's target price points to a potential upside of 29.99% from the company's previous close.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

NYSE LOMA opened at $10.77 on Wednesday. The company has a 50-day simple moving average of $10.76 and a two-hundred day simple moving average of $10.92. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 12-month low of $5.70 and a 12-month high of $13.79. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 18.25 and a beta of 1.03. The company has a quick ratio of 0.43, a current ratio of 1.29 and a debt-to-equity ratio of 0.19.

Hedge Funds Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

Several institutional investors and hedge funds have recently bought and sold shares of LOMA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 89.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,387,794 shares of the company's stock valued at $16,570,000 after buying an additional 655,533 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter valued at about $15,543,000. INCA Investments LLC purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter worth about $8,986,000. Glenorchy Capital Ltd raised its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 100.8% during the 4th quarter. Glenorchy Capital Ltd now owns 462,366 shares of the company's stock valued at $5,521,000 after purchasing an additional 232,055 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 100.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 460,315 shares of the company's stock worth $5,496,000 after buying an additional 231,007 shares during the last quarter. 19.32% of the stock is currently owned by institutional investors.

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.

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