William Blair Investment Management LLC Purchases Shares of 179,109 Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

William Blair Investment Management LLC purchased a new stake in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 179,109 shares of the company’s stock, valued at approximately $1,965,000. William Blair Investment Management LLC owned approximately 0.15% of Loma Negra Compania Industrial Argentina as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LOMA. Deuterium Capital Management LLC acquired a new position in Loma Negra Compania Industrial Argentina in the first quarter valued at about $110,000. Evolution Wealth Advisors LLC acquired a new position in Loma Negra Compania Industrial Argentina in the first quarter valued at about $143,000. Clear Creek Financial Management LLC bought a new position in shares of Loma Negra Compania Industrial Argentina in the first quarter worth about $211,000. Simplex Trading LLC raised its stake in shares of Loma Negra Compania Industrial Argentina by 23.2% in the first quarter. Simplex Trading LLC now owns 19,725 shares of the company’s stock worth $216,000 after acquiring an additional 3,711 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Loma Negra Compania Industrial Argentina in the first quarter worth about $445,000. 19.32% of the stock is currently owned by institutional investors and hedge funds.

Loma Negra Compania Industrial Argentina Trading Down 3.2%

Shares of NYSE LOMA opened at $7.60 on Tuesday. 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. The company has a market cap of $887.04 million, a PE ratio of 13.82 and a beta of 0.98. The company has a 50-day moving average of $8.54 and a two-hundred day moving average of $10.45.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Loma Negra Compania Industrial Argentina from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Loma Negra Compania Industrial Argentina presently has an average rating of “Moderate Buy” and an average price target of $14.80.

Loma Negra Compania Industrial Argentina 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.