Two Sigma Investments LP Increases Stock Position in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

Two Sigma Investments LP raised its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) by 280.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 205,002 shares of the company's stock after purchasing an additional 151,155 shares during the quarter. Two Sigma Investments LP owned 0.18% of Loma Negra Compañía Industrial Argentina Sociedad Anónima worth $2,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of LOMA. SG Americas Securities LLC purchased a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter worth approximately $109,000. BNP Paribas Financial Markets lifted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 57.5% in the fourth quarter. BNP Paribas Financial Markets now owns 19,807 shares of the company's stock worth $236,000 after purchasing an additional 7,232 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter valued at about $270,000. XTX Topco Ltd bought a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter valued at about $285,000. Finally, Quantbot Technologies LP bought a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter valued at about $354,000. Hedge funds and other institutional investors own 19.32% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Morgan Stanley raised Loma Negra Compañía Industrial Argentina Sociedad Anónima from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $13.00 to $15.00 in a research note on Tuesday, May 20th. Bank of America raised shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $11.50 to $14.00 in a research note on Wednesday, April 23rd. Finally, Itau BBA Securities raised shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "market perform" rating to an "outperform" rating and set a $14.20 price target for the company in a research report on Monday, May 12th.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Down 0.6%

LOMA traded down $0.08 during midday trading on Wednesday, reaching $12.45. 285,680 shares of the company's stock traded hands, compared to its average volume of 497,165. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.29 and a quick ratio of 0.43. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 52 week low of $5.70 and a 52 week high of $14.17. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 21.10 and a beta of 1.14. The firm has a fifty day moving average of $11.46 and a two-hundred day moving average of $11.57.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.05. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 9.42% and a return on equity of 8.60%. The business had revenue of $135.42 billion for the quarter, compared to the consensus estimate of $151 billion. On average, equities analysts anticipate that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 earnings per share for the current fiscal year.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima

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.