M&G PLC Buys New Stake in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

M&G PLC purchased a new position in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 852,620 shares of the company’s stock, valued at approximately $5,968,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fourth Sail Capital LP boosted its stake in shares of Loma Negra Compania Industrial Argentina by 8.6% during the 2nd quarter. Fourth Sail Capital LP now owns 1,456,770 shares of the company’s stock worth $15,981,000 after acquiring an additional 115,964 shares in the last quarter. RWC Asset Management LLP raised its holdings in Loma Negra Compania Industrial Argentina by 21.8% in the 3rd quarter. RWC Asset Management LLP now owns 1,436,459 shares of the company’s stock worth $10,587,000 after purchasing an additional 257,318 shares during the period. Aberdeen Group plc boosted its position in Loma Negra Compania Industrial Argentina by 16.6% during the third quarter. Aberdeen Group plc now owns 1,201,100 shares of the company’s stock worth $9,044,000 after purchasing an additional 171,210 shares in the last quarter. Kapitalo Investimentos Ltda grew its holdings in Loma Negra Compania Industrial Argentina by 1.9% in the third quarter. Kapitalo Investimentos Ltda now owns 385,734 shares of the company’s stock valued at $2,843,000 after purchasing an additional 7,134 shares during the period. Finally, Systrade AG increased its position in shares of Loma Negra Compania Industrial Argentina by 75.9% in the third quarter. Systrade AG now owns 382,944 shares of the company’s stock valued at $2,822,000 after buying an additional 165,245 shares in the last quarter. Hedge funds and other institutional investors own 19.32% of the company’s stock.

Analyst Upgrades and Downgrades

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

Loma Negra Compania Industrial Argentina Stock Performance

Shares of LOMA stock opened at $11.29 on Wednesday. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a fifty-two week low of $7.04 and a fifty-two 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 fifty day moving average is $12.13 and its two-hundred day moving average is $10.58.

About Loma Negra Compania Industrial Argentina

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.