Helikon Investments Ltd Acquires Shares of 242,501 Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

Helikon Investments Ltd bought a new position in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 242,501 shares of the company’s stock, valued at approximately $1,787,000. Loma Negra Compania Industrial Argentina accounts for 0.1% of Helikon Investments Ltd’s investment portfolio, making the stock its 17th biggest position. Helikon Investments Ltd owned about 0.21% of Loma Negra Compania Industrial Argentina at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of LOMA. Y Intercept Hong Kong Ltd purchased a new stake in shares of Loma Negra Compania Industrial Argentina during the 2nd quarter valued at approximately $121,000. Advisors Preferred LLC bought a new stake in Loma Negra Compania Industrial Argentina during the 3rd quarter valued at $133,000. Insigneo Advisory Services LLC lifted its position in shares of Loma Negra Compania Industrial Argentina by 89.6% during the second quarter. Insigneo Advisory Services LLC now owns 23,342 shares of the company’s stock worth $256,000 after acquiring an additional 11,031 shares in the last quarter. Engineers Gate Manager LP lifted its position in shares of Loma Negra Compania Industrial Argentina by 35.3% during the second quarter. Engineers Gate Manager LP now owns 24,773 shares of the company’s stock worth $272,000 after acquiring an additional 6,463 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Loma Negra Compania Industrial Argentina in the third quarter worth $314,000. Institutional investors own 19.32% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Loma Negra Compania Industrial Argentina in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $14.80.

Loma Negra Compania Industrial Argentina Price Performance

NYSE LOMA opened at $11.42 on Monday. The company’s 50 day simple moving average is $12.05 and its two-hundred day simple moving average is $10.57. The company has a current ratio of 1.24, a quick ratio of 0.61 and a debt-to-equity ratio of 0.16. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 1 year low of $7.04 and a 1 year high of $14.17.

Loma Negra Compania Industrial Argentina Company Profile

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.