103,990 Shares in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA Acquired by ABS Direct Equity Fund LLC

Key Points

• ABS Direct Equity Fund LLC established a new position of 103,990 shares in Loma Negra (NYSE:LOMA) during Q4, worth about $1.35 million and representing 1.6% of the fund's portfolio.
• Other hedge funds also increased stakes—most notably RWC Asset Management now owns 1,436,459 shares (~$10.6M) and Balyasny Asset Management grew to 141,765 shares—leaving institutional ownership at roughly 19.32%.
• LOMA shares opened at $10.86 (down 2.2%), with a market cap of ~$1.27 billion and a high P/E of 67.9; the company reported $0.04 EPS for the quarter and analysts expect ~0.71 EPS for the fiscal year.

ABS Direct Equity Fund LLC acquired a new position in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 103,990 shares of the company's stock, valued at approximately $1,347,000. Loma Negra Compania Industrial Argentina accounts for 1.6% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 24th biggest position. ABS Direct Equity Fund LLC owned about 0.09% of Loma Negra Compania Industrial Argentina as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LOMA. Balyasny Asset Management L.P. grew its position in shares of Loma Negra Compania Industrial Argentina by 53.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 141,765 shares of the company's stock worth $1,555,000 after buying an additional 49,567 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Loma Negra Compania Industrial Argentina by 5.1% during the second quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company's stock valued at $344,000 after buying an additional 1,524 shares during the period. Engineers Gate Manager LP raised its holdings in shares of Loma Negra Compania Industrial Argentina by 35.3% in the second quarter. Engineers Gate Manager LP now owns 24,773 shares of the company's stock valued at $272,000 after acquiring an additional 6,463 shares in the last quarter. RWC Asset Management LLP lifted its stake in Loma Negra Compania Industrial Argentina by 21.8% in the third quarter. RWC Asset Management LLP now owns 1,436,459 shares of the company's stock worth $10,587,000 after acquiring an additional 257,318 shares during the period. Finally, Ping Capital Management Inc. lifted its stake in Loma Negra Compania Industrial Argentina by 8.6% in the third quarter. Ping Capital Management Inc. now owns 151,000 shares of the company's stock worth $1,113,000 after acquiring an additional 12,000 shares during the period. 19.32% of the stock is currently owned by hedge funds and other institutional investors.

Loma Negra Compania Industrial Argentina Stock Down 2.2%

Shares of Loma Negra Compania Industrial Argentina stock opened at $10.86 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.48. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 67.90 and a beta of 0.77. The firm's 50-day moving average is $10.83 and its two-hundred day moving average is $11.22. 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.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) last posted its quarterly earnings results on Sunday, February 15th. The company reported $0.04 EPS for the quarter. Loma Negra Compania Industrial Argentina had a net margin of 2.97% and a return on equity of 2.25%. The business had revenue of $165.73 million during the quarter. As a group, research analysts expect that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.71 earnings per share for the current fiscal year.

Loma Negra Compania Industrial Argentina Company Profile

Loma Negra Compañía Industrial Argentina SA is the leading cement producer in Argentina, with a history dating back to its founding in Buenos Aires in 1926. The company operates an integrated network of cement and lime plants, as well as quarries and ready-mix concrete facilities. Its operations encompass the extraction of limestone, the production of clinker, hydraulic cement and quicklime, and the distribution of aggregates and concrete for a wide range of construction projects.

The company's product portfolio serves residential, commercial, industrial and public infrastructure markets across Argentina.

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