Fourth Sail Capital LP Invests $14.74 Million in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA)

Key Points

• Fourth Sail Capital LP has acquired approximately 1.34 million shares of Loma Negra Compania Industrial Argentina, valued at around $14.7 million, representing 3.4% of Fourth Sail's holdings.
• Recent analyst ratings for Loma Negra have included a mix of upgrades and downgrades, resulting in a consensus rating of "Moderate Buy" with an average target price of $14.80.
• The stock has shown a 2.0% increase and currently has a market cap of approximately $1.41 billion, with a reported earnings of $0.17 per share, beating analyst estimates.

Fourth Sail Capital LP acquired a new position in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,340,806 shares of the company's stock, valued at approximately $14,735,000. Loma Negra Compania Industrial Argentina accounts for 3.4% of Fourth Sail Capital LP's portfolio, making the stock its 12th biggest holding. Fourth Sail Capital LP owned 1.15% of Loma Negra Compania Industrial Argentina as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Deuterium Capital Management LLC acquired a new stake in Loma Negra Compania Industrial Argentina during the first quarter valued at $110,000. Insigneo Advisory Services LLC acquired a new stake in Loma Negra Compania Industrial Argentina during the first quarter valued at $135,000. Clear Creek Financial Management LLC acquired a new stake in Loma Negra Compania Industrial Argentina during the first quarter valued at $211,000. BNP Paribas Financial Markets grew its position in Loma Negra Compania Industrial Argentina by 57.5% during the fourth quarter. BNP Paribas Financial Markets now owns 19,807 shares of the company's stock valued at $236,000 after buying an additional 7,232 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Loma Negra Compania Industrial Argentina during the fourth quarter valued at $270,000. Institutional investors and hedge funds own 19.32% of the company's stock.

Loma Negra Compania Industrial Argentina Price Performance

Shares of NYSE:LOMA traded down $0.98 during midday trading on Friday, hitting $11.35. The company's stock had a trading volume of 1,292,985 shares, compared to its average volume of 402,751. The business's 50 day simple moving average is $11.45 and its 200 day simple moving average is $11.39. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.23 and a current ratio of 0.90. The company has a market cap of $1.32 billion, a P/E ratio of 20.64 and a beta of 1.01. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 12-month low of $6.50 and a 12-month high of $14.17.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.05. The firm had revenue of $135.42 billion for the quarter, compared to the consensus estimate of $151 billion. Loma Negra Compania Industrial Argentina had a net margin of 9.63% and a return on equity of 7.94%. On average, analysts forecast that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 EPS for the current year.

Wall Street Analyst Weigh In

LOMA has been the topic of several recent analyst reports. Citigroup initiated coverage on shares of Loma Negra Compania Industrial Argentina in a report on Wednesday, June 18th. They set a "buy" rating and a $16.00 price objective on the stock. Bank of America raised shares of Loma Negra Compania Industrial Argentina from a "neutral" rating to a "buy" rating and increased their price objective for the company from $11.50 to $14.00 in a report on Wednesday, April 23rd. Wall Street Zen downgraded shares of Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Morgan Stanley raised shares of Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $13.00 to $15.00 in a report on Tuesday, May 20th. Finally, Itau BBA Securities raised shares of Loma Negra Compania Industrial Argentina from a "market perform" rating to an "outperform" rating and set a $14.20 price objective on the stock in a report on Monday, May 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Loma Negra Compania Industrial Argentina presently has an average rating of "Moderate Buy" and an average price target of $14.80.

About Loma Negra Compania Industrial Argentina

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.