Raymond James Financial Inc. Buys New Position in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

Raymond James Financial Inc. bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 22,633 shares of the company's stock, valued at approximately $270,000.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 126.5% during the 4th quarter. GAMMA Investing LLC now owns 4,455 shares of the company's stock valued at $53,000 after purchasing an additional 2,488 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter worth approximately $109,000. Systrade AG bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter worth approximately $143,000. Quantbot Technologies LP acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter worth approximately $354,000. Finally, Virtu Financial LLC increased its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 104.8% in the 4th quarter. Virtu Financial LLC now owns 38,800 shares of the company's stock valued at $463,000 after acquiring an additional 19,855 shares in the last quarter. 19.32% of the stock is currently owned by institutional investors.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Down 1.1%

NYSE:LOMA traded down $0.14 on Wednesday, hitting $12.13. The stock had a trading volume of 348,073 shares, compared to its average volume of 497,799. The company has a quick ratio of 0.43, a current ratio of 1.29 and a debt-to-equity ratio of 0.19. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 52 week low of $5.70 and a 52 week high of $13.79. The business's fifty day moving average is $10.85 and its 200 day moving average is $11.24. The company has a market cap of $1.42 billion, a PE ratio of 20.56 and a beta of 1.14.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.05. The company had revenue of $135.42 billion for the quarter, compared to analysts' expectations of $151 billion. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 8.60% and a net margin of 9.42%. On average, equities research analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on LOMA shares. Itau BBA Securities raised shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "market perform" rating to an "outperform" rating and set a $14.20 target price on the stock in a research note on Monday. Bank of America upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and upped their price objective for the company from $11.50 to $14.00 in a report on Wednesday, April 23rd.

Loma Negra Compañía Industrial Argentina Sociedad Anónima 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.