Banco Santander S.A. Invests $3.40 Million in Loma Negra Compania Indl Argentina SA (NYSE:LOMA)

Banco Santander S.A. acquired a new position in shares of Loma Negra Compania Indl Argentina SA (NYSE:LOMA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 591,380 shares of the company’s stock, valued at approximately $3,400,000.

Several other hedge funds have also recently bought and sold shares of the company. AdvisorNet Financial Inc bought a new stake in Loma Negra Compania Indl Argentina during the second quarter worth about $71,000. Pictet Asset Management Ltd. bought a new stake in Loma Negra Compania Indl Argentina during the second quarter worth about $76,000. Stevens Capital Management LP bought a new stake in Loma Negra Compania Indl Argentina in the second quarter valued at approximately $143,000. D. E. Shaw & Co. Inc. bought a new stake in Loma Negra Compania Indl Argentina in the second quarter valued at approximately $180,000. Finally, Bogle Investment Management L P DE bought a new stake in Loma Negra Compania Indl Argentina in the second quarter valued at approximately $182,000. 37.86% of the stock is owned by institutional investors.

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NYSE:LOMA opened at $5.97 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.69 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average price is $5.86 and its two-hundred day moving average price is $8.54. The firm has a market capitalization of $678.25 million, a price-to-earnings ratio of 14.56 and a beta of 0.65. Loma Negra Compania Indl Argentina SA has a 12-month low of $4.15 and a 12-month high of $13.44.

LOMA has been the topic of several research analyst reports. Bank of America lowered Loma Negra Compania Indl Argentina from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $16.50 to $7.50 in a research note on Wednesday, August 14th. ValuEngine upgraded Loma Negra Compania Indl Argentina from a “hold” rating to a “buy” rating in a research note on Tuesday, October 15th. Zacks Investment Research lowered Loma Negra Compania Indl Argentina from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, Morgan Stanley lowered Loma Negra Compania Indl Argentina from an “overweight” rating to an “equal weight” rating in a research note on Monday, August 12th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.75.

Loma Negra Compania Indl Argentina Profile

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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