Fourth Sail Capital LP Buys New Shares 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 purchased a new position in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,340,806 shares of the company's stock, valued at approximately $14,735,000. Loma Negra Compania Industrial Argentina comprises about 3.4% of Fourth Sail Capital LP's holdings, making the stock its 12th biggest holding. Fourth Sail Capital LP owned 1.15% of Loma Negra Compania Industrial Argentina at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of LOMA. Deuterium Capital Management LLC purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the first quarter worth about $110,000. Insigneo Advisory Services LLC purchased a new position in Loma Negra Compania Industrial Argentina during the first quarter worth approximately $135,000. Clear Creek Financial Management LLC purchased a new position in Loma Negra Compania Industrial Argentina during the first quarter worth approximately $211,000. BNP Paribas Financial Markets raised its holdings in shares of 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 acquiring an additional 7,232 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Loma Negra Compania Industrial Argentina during the fourth quarter valued at approximately $270,000. 19.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Loma Negra Compania Industrial Argentina Trading Down 7.9%

Shares of LOMA traded down $0.98 during midday trading on Friday, hitting $11.35. 1,292,985 shares of the stock were exchanged, compared to its average volume of 392,179. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 52-week low of $6.50 and a 52-week high of $14.17. The stock has a fifty day simple moving average of $11.47 and a 200 day simple moving average of $11.39. The firm has a market cap of $1.32 billion, a P/E ratio of 13.51 and a beta of 1.01. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.23 and a current ratio of 0.90.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.12 by $0.05. Loma Negra Compania Industrial Argentina had a return on equity of 12.51% and a net margin of 14.52%. The business had revenue of $135.42 billion during the quarter, compared to analyst estimates of $151 billion. On average, research analysts anticipate that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 EPS for the current fiscal year.

Loma Negra Compania Industrial Argentina 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.