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

Brevan Howard Capital Management LP bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 375,208 shares of the company's stock, valued at approximately $4,516,000. Brevan Howard Capital Management LP owned about 0.32% of Loma Negra Compañía Industrial Argentina Sociedad Anónima at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LOMA. GAMMA Investing LLC lifted its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 126.5% during the fourth quarter. GAMMA Investing LLC now owns 4,455 shares of the company's stock worth $53,000 after acquiring 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 valued at about $109,000. Systrade AG acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter valued at approximately $143,000. Virtu Financial LLC increased its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 21.5% during the 3rd quarter. Virtu Financial LLC now owns 18,945 shares of the company's stock worth $153,000 after purchasing an additional 3,355 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 57.5% during the 4th quarter. BNP Paribas Financial Markets now owns 19,807 shares of the company's stock worth $236,000 after buying an additional 7,232 shares during the period. 19.32% of the stock is currently owned by institutional investors and hedge funds.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Up 2.6 %

LOMA stock traded up $0.29 during mid-day trading on Friday, reaching $11.55. The company had a trading volume of 278,383 shares, compared to its average volume of 499,844. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 52 week low of $5.70 and a 52 week high of $13.79. 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 company has a debt-to-equity ratio of 0.19, a current ratio of 1.29 and a quick ratio of 0.43. The stock has a 50 day simple moving average of $10.79 and a two-hundred day simple moving average of $11.20.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.17 earnings per share 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 firm had revenue of $135.42 billion for the quarter, compared to analysts' expectations of $151 billion. As a group, equities analysts predict that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 earnings per share for the current fiscal year.

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 upped their target price for the stock from $11.50 to $14.00 in a research note 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.