Aberdeen Group plc Has $13.21 Million Holdings in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

Key Points

• Aberdeen Group trimmed its stake in Loma Negra by 15.1% in Q4, selling 181,109 shares and holding 1,019,991 shares worth about $13.21 million at quarter-end, while other institutions (e.g., Systrade and RWC) materially increased positions; institutional ownership stands at 19.32%.
• Analysts give Loma Negra a consensus rating of "Moderate Buy" (four Buys, one Hold) with an average price target of $14.80, although Weiss Ratings recently reissued a "Hold (c-)" note.
• The stock trades around $11.43 with a market cap of $1.33 billion and a high trailing P/E (~71.5); latest quarterly EPS was $0.04 with a net margin of 2.97%, and analysts forecast ~1.25 EPS for the current year.

Aberdeen Group plc cut its holdings in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) by 15.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,019,991 shares of the company's stock after selling 181,109 shares during the period. Aberdeen Group plc's holdings in Loma Negra Compania Industrial Argentina were worth $13,209,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Systrade AG boosted its position in Loma Negra Compania Industrial Argentina by 75.9% during the 3rd quarter. Systrade AG now owns 382,944 shares of the company's stock worth $2,822,000 after buying an additional 165,245 shares during the period. RWC Asset Management LLP increased its stake in shares of 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 valued at $10,587,000 after buying an additional 257,318 shares during the period. Helikon Investments Ltd acquired a new stake in shares of Loma Negra Compania Industrial Argentina in the third quarter valued at about $1,787,000. M&G PLC acquired a new stake in shares of Loma Negra Compania Industrial Argentina in the third quarter valued at about $5,968,000. Finally, State of Wyoming acquired a new stake in shares of Loma Negra Compania Industrial Argentina in the third quarter valued at about $314,000. 19.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of Loma Negra Compania Industrial Argentina in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $14.80.

Loma Negra Compania Industrial Argentina Stock Performance

LOMA stock opened at $11.43 on Wednesday. The firm has a market cap of $1.33 billion, a PE ratio of 71.46 and a beta of 0.77. 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 current ratio of 1.44, a quick ratio of 0.48 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average price of $10.84 and a 200-day moving average price of $10.82.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) last announced its quarterly earnings data on Sunday, February 15th. The company reported $0.04 EPS for the quarter. The company had revenue of $165.73 million during the quarter. Loma Negra Compania Industrial Argentina had a net margin of 2.97% and a return on equity of 2.25%. As a group, equities research analysts expect that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 earnings per share for the current year.

About Loma Negra Compania Industrial Argentina

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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