Nordea Investment Management AB Acquires New Stake in Loma Negra Compania Indl Argentina SA (LOMA)

Nordea Investment Management AB acquired a new position in Loma Negra Compania Indl Argentina SA (NYSE:LOMA) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,404 shares of the company’s stock, valued at approximately $172,000.

Other institutional investors have also recently modified their holdings of the company. Global X Management Co LLC acquired a new position in shares of Loma Negra Compania Indl Argentina in the second quarter worth about $1,994,000. Russell Investments Group Ltd. raised its position in shares of Loma Negra Compania Indl Argentina by 118.3% in the second quarter. Russell Investments Group Ltd. now owns 44,893 shares of the company’s stock worth $476,000 after acquiring an additional 24,328 shares during the period. Capital International Inc. CA raised its position in shares of Loma Negra Compania Indl Argentina by 40.0% in the third quarter. Capital International Inc. CA now owns 1,091,379 shares of the company’s stock worth $9,648,000 after acquiring an additional 311,800 shares during the period. Citadel Advisors LLC acquired a new position in shares of Loma Negra Compania Indl Argentina in the second quarter worth about $129,000. Finally, BlackRock Inc. raised its position in shares of Loma Negra Compania Indl Argentina by 165.2% in the second quarter. BlackRock Inc. now owns 1,552,904 shares of the company’s stock worth $15,933,000 after acquiring an additional 967,291 shares during the period. Institutional investors and hedge funds own 35.21% of the company’s stock.

LOMA has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Loma Negra Compania Indl Argentina from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Santander downgraded shares of Loma Negra Compania Indl Argentina from a “hold” rating to an “underperform” rating in a research report on Friday, December 7th. ValuEngine upgraded shares of Loma Negra Compania Indl Argentina from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 10th. Finally, Bank of America reduced their price target on shares of Loma Negra Compania Indl Argentina from $17.30 to $13.00 and set a “buy” rating for the company in a research report on Monday, September 24th. Three analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $16.90.

Shares of NYSE LOMA opened at $12.75 on Friday. Loma Negra Compania Indl Argentina SA has a 12-month low of $6.36 and a 12-month high of $26.89. The stock has a market cap of $1.52 billion, a P/E ratio of 14.94 and a beta of -0.61. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.00 and a quick ratio of 0.66.

Loma Negra Compania Indl Argentina (NYSE:LOMA) last announced its quarterly earnings data on Thursday, November 8th. The company reported $0.02 earnings per share (EPS) for the quarter. Loma Negra Compania Indl Argentina had a net margin of 8.80% and a return on equity of 30.87%. The company had revenue of $168.46 million during the quarter. As a group, equities analysts forecast that Loma Negra Compania Indl Argentina SA will post 0.53 earnings per share for the current year.

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About Loma Negra Compania Indl Argentina

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and markets cement and its by-products in Argentina and Paraguay. It operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. The company offers masonry cement, aggregate, ready-mix concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.

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Institutional Ownership by Quarter for Loma Negra Compania Indl Argentina (NYSE:LOMA)

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