Ancient Art L.P. Reduces Stock Holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

Ancient Art L.P. lowered its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) by 6.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,503,275 shares of the company’s stock after selling 100,862 shares during the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima comprises approximately 3.8% of Ancient Art L.P.’s investment portfolio, making the stock its 9th largest holding. Ancient Art L.P.’s holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima were worth $17,949,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 126.5% during the fourth quarter. GAMMA Investing LLC now owns 4,455 shares of the company’s stock worth $53,000 after buying an additional 2,488 shares during the period. SG Americas Securities LLC acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter valued at approximately $109,000. Systrade AG purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter valued at $143,000. Virtu Financial LLC increased its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 21.5% in the third quarter. Virtu Financial LLC now owns 18,945 shares of the company’s stock worth $153,000 after acquiring an additional 3,355 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter valued at $270,000. Institutional investors own 19.32% of the company’s stock.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

Loma Negra Compañía Industrial Argentina Sociedad Anónima stock opened at $11.07 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 1.29. The company’s fifty day moving average price is $10.73 and its 200 day moving average price is $11.07. The stock has a market capitalization of $1.29 billion, a P/E ratio of 18.77 and a beta of 1.03. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 1 year low of $5.70 and a 1 year high of $13.79.

Analyst Upgrades and Downgrades

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

Loma Negra Compañía Industrial Argentina Sociedad Anónima Company 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.