GAMMA Investing LLC boosted its position in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) by 935.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 46,147 shares of the company's stock after buying an additional 41,692 shares during the quarter. GAMMA Investing LLC's holdings in Loma Negra Compania Industrial Argentina were worth $507,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of LOMA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Loma Negra Compania Industrial Argentina by 89.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,387,794 shares of the company's stock valued at $16,570,000 after purchasing an additional 655,533 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Loma Negra Compania Industrial Argentina in the 4th quarter valued at $15,543,000. Glenorchy Capital Ltd lifted its stake in shares of Loma Negra Compania Industrial Argentina by 100.8% in the 4th quarter. Glenorchy Capital Ltd now owns 462,366 shares of the company's stock valued at $5,521,000 after purchasing an additional 232,055 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in shares of Loma Negra Compania Industrial Argentina by 100.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 460,315 shares of the company's stock valued at $5,496,000 after purchasing an additional 231,007 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new position in shares of Loma Negra Compania Industrial Argentina in the 4th quarter valued at $4,516,000. Institutional investors and hedge funds own 19.32% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. Morgan Stanley upgraded shares of Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $13.00 to $15.00 in a research report on Tuesday, May 20th. Bank of America upgraded shares of Loma Negra Compania Industrial Argentina from a "neutral" rating to a "buy" rating and upped their price objective for the company from $11.50 to $14.00 in a research report on Wednesday, April 23rd. Citigroup assumed 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. Wall Street Zen cut Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Itau BBA Securities upgraded Loma Negra Compania Industrial Argentina from a "market perform" rating to an "outperform" rating and set a $14.20 target price for the company in a report on Monday, May 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $14.80.
Read Our Latest Research Report on LOMA
Loma Negra Compania Industrial Argentina Price Performance
Shares of NYSE LOMA traded down $0.10 during midday trading on Monday, reaching $11.06. 310,624 shares of the company were exchanged, compared to its average volume of 493,279. The stock's 50-day moving average price is $11.91 and its 200-day moving average price is $11.59. The stock has a market cap of $1.29 billion, a P/E ratio of 13.16 and a beta of 1.10. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a one year low of $5.70 and a one year high of $14.17. The company has a quick ratio of 0.23, a current ratio of 0.90 and a debt-to-equity ratio of 0.02.
Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.05. The firm had revenue of $135.42 billion for the quarter, compared to analysts' expectations of $151 billion. Loma Negra Compania Industrial Argentina had a net margin of 14.52% and a return on equity of 12.51%. On average, sell-side analysts anticipate that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 earnings per share for the current fiscal year.
Loma Negra Compania Industrial Argentina Company Profile
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Free Report)
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.
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