William Blair Investment Management LLC Takes $40.26 Million Position in Loma Negra (LOMA)

William Blair Investment Management LLC bought a new stake in Loma Negra (NYSE:LOMA) in the fourth quarter, HoldingsChannel.com reports. The fund bought 1,747,303 shares of the company’s stock, valued at approximately $40,258,000.

A number of other institutional investors have also added to or reduced their stakes in LOMA. Verition Fund Management LLC acquired a new stake in Loma Negra in the fourth quarter valued at $255,000. Pinnacle Associates Ltd. acquired a new stake in Loma Negra in the fourth quarter valued at $374,000. FNY Partners Fund LP acquired a new stake in Loma Negra in the fourth quarter valued at $460,000. Fred Alger Management Inc. acquired a new stake in Loma Negra in the fourth quarter valued at $717,000. Finally, Investec Asset Management LTD acquired a new stake in Loma Negra in the fourth quarter valued at $1,014,000. 39.85% of the stock is owned by institutional investors and hedge funds.

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LOMA has been the subject of a number of recent analyst reports. Morgan Stanley initiated coverage on shares of Loma Negra in a research note on Monday, November 27th. They issued an “equal weight” rating and a $26.00 price target for the company. Bank of America initiated coverage on shares of Loma Negra in a research note on Monday, November 27th. They issued a “neutral” rating and a $26.00 price target for the company. Citigroup initiated coverage on shares of Loma Negra in a research note on Monday, November 27th. They issued a “neutral” rating for the company. HSBC initiated coverage on shares of Loma Negra in a research note on Tuesday, November 28th. They issued a “hold” rating and a $21.50 price target for the company. Finally, Zacks Investment Research cut shares of Loma Negra from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 27th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $24.50.

Shares of LOMA stock opened at $20.82 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.19 and a quick ratio of 0.86. Loma Negra has a 12 month low of $20.03 and a 12 month high of $26.89.

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About Loma Negra

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, aggregates, ready-mix concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.

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

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