Itau Unibanco Holding S.A. Takes $12.64 Million Position in Loma Negra Compania Indl Argentina SA (LOMA)

Itau Unibanco Holding S.A. bought a new stake in Loma Negra Compania Indl Argentina SA (NYSE:LOMA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 548,360 shares of the company’s stock, valued at approximately $12,635,000. Loma Negra Compania Indl Argentina makes up approximately 0.8% of Itau Unibanco Holding S.A.’s holdings, making the stock its 19th biggest holding.

Several other large investors have also made changes to their positions in LOMA. Genesis Asset Managers LLP acquired a new stake in shares of Loma Negra Compania Indl Argentina in the fourth quarter valued at $38,383,000. Schroder Investment Management Group acquired a new stake in shares of Loma Negra Compania Indl Argentina in the fourth quarter valued at $34,084,000. BlackRock Inc. acquired a new stake in shares of Loma Negra Compania Indl Argentina in the fourth quarter valued at $21,296,000. Wells Fargo & Company MN acquired a new stake in shares of Loma Negra Compania Indl Argentina in the fourth quarter valued at $14,248,000. Finally, Verde Servicos Internacionais S.A. acquired a new stake in shares of Loma Negra Compania Indl Argentina in the fourth quarter valued at $9,991,000. Institutional investors own 2.82% of the company’s stock.

A number of analysts have recently weighed in on LOMA shares. Zacks Investment Research lowered Loma Negra Compania Indl Argentina from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 27th. Morgan Stanley started coverage on Loma Negra Compania Indl Argentina in a research note on Monday, November 27th. They issued an “equal weight” rating and a $26.00 target price for the company. Bank of America started coverage on Loma Negra Compania Indl Argentina in a research note on Monday, November 27th. They issued a “neutral” rating and a $26.00 target price for the company. HSBC started coverage on Loma Negra Compania Indl Argentina in a research note on Tuesday, November 28th. They issued a “hold” rating and a $21.50 target price for the company. Finally, Citigroup started coverage on Loma Negra Compania Indl Argentina in a research note on Monday, November 27th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Loma Negra Compania Indl Argentina presently has a consensus rating of “Hold” and a consensus price target of $24.50.

Loma Negra Compania Indl Argentina SA (NYSE:LOMA) opened at $22.70 on Friday. Loma Negra Compania Indl Argentina SA has a 1-year low of $20.03 and a 1-year high of $26.89. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.79 and a quick ratio of 0.38.

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About Loma Negra Compania Indl Argentina

Loma Negra Compania Industrial Argentina SA is an Argentina-based company engaged in the cement and concrete segment. The Company focuses on the manufacture and commercialization of cement and related products, such as lime, masonry cement, as well as concrete and aggregates. The Company offers Portland cement, lime and masonry cement packed in bags.

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

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