Brevan Howard Capital Management LP Invests $4.52 Million in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

Brevan Howard Capital Management LP purchased a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 375,208 shares of the company's stock, valued at approximately $4,516,000. Brevan Howard Capital Management LP owned 0.32% of Loma Negra Compañía Industrial Argentina Sociedad Anónima at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. INCA Investments LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter worth $8,986,000. GAMMA Investing LLC raised its stake 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 buying an additional 2,488 shares during the last quarter. Activest Wealth Management lifted its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 8,478.9% in the 4th quarter. Activest Wealth Management now owns 167,975 shares of the company's stock valued at $2,006,000 after buying an additional 166,017 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter worth about $109,000. Finally, JGP Global Gestao de Recursos Ltda. acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter worth approximately $785,000. 19.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Bank of America raised shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and increased their price target for the stock from $11.50 to $14.00 in a report on Wednesday, April 23rd.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

Shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima stock traded up $0.29 on Friday, hitting $11.55. The company's stock had a trading volume of 278,383 shares, compared to its average volume of 501,585. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 19.58 and a beta of 1.14. The firm has a fifty day moving average price of $10.77 and a 200-day moving average price of $11.15. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 1.29. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 1 year low of $5.70 and a 1 year high of $13.79.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 9.42% and a return on equity of 8.60%. The business had revenue of $135.42 billion for the quarter, compared to analyst estimates of $151 billion. As a group, sell-side analysts anticipate that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 earnings per share for the current fiscal year.

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.