182,637 Shares in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Acquired by Bosun Asset Management LLC

Bosun Asset Management LLC bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) in the 4th quarter, HoldingsChannel reports. The fund bought 182,637 shares of the company’s stock, valued at approximately $2,181,000. Loma Negra Compañía Industrial Argentina Sociedad Anónima comprises approximately 0.9% of Bosun Asset Management LLC’s portfolio, making the stock its 23rd biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter valued at $15,543,000. INCA Investments LLC purchased a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at about $8,986,000. Brevan Howard Capital Management LP acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter worth about $4,516,000. William Blair Investment Management LLC purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter worth about $3,867,000. Finally, Activest Wealth Management increased its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 8,478.9% during the fourth quarter. Activest Wealth Management now owns 167,975 shares of the company’s stock valued at $2,006,000 after acquiring an additional 166,017 shares in the last quarter. 19.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Bank of America upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $11.50 to $14.00 in a research note on Wednesday, April 23rd.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

NYSE LOMA opened at $10.94 on Tuesday. The stock’s fifty day moving average price is $10.72 and its 200 day moving average price is $11.13. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 1 year low of $5.70 and a 1 year 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 market cap of $1.28 billion, a price-to-earnings ratio of 18.54 and a beta of 1.14.

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.