Ping Capital Management Inc. Buys 33,000 Shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA)

Ping Capital Management Inc. grew its position in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) by 32.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,000 shares of the company's stock after purchasing an additional 33,000 shares during the quarter. Loma Negra Compania Industrial Argentina makes up 0.5% of Ping Capital Management Inc.'s investment portfolio, making the stock its 18th largest position. Ping Capital Management Inc. owned approximately 0.11% of Loma Negra Compania Industrial Argentina worth $1,473,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LOMA. Raymond James Financial Inc. purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the fourth quarter valued at about $270,000. William Blair Investment Management LLC acquired a new position in Loma Negra Compania Industrial Argentina during the fourth quarter worth about $3,867,000. Virtu Financial LLC raised its position in Loma Negra Compania Industrial Argentina by 104.8% during the fourth quarter. Virtu Financial LLC now owns 38,800 shares of the company's stock worth $463,000 after acquiring an additional 19,855 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Loma Negra Compania Industrial Argentina in the fourth quarter valued at approximately $354,000. Finally, JPMorgan Chase & Co. raised its position in shares of Loma Negra Compania Industrial Argentina by 459.5% in the fourth quarter. JPMorgan Chase & Co. now owns 158,091 shares of the company's stock valued at $1,888,000 after buying an additional 129,837 shares during the last quarter. 19.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LOMA shares. Wall Street Zen lowered shares of Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Morgan Stanley upgraded shares of Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $13.00 to $15.00 in a research note on Tuesday, May 20th. Citigroup started coverage on shares of Loma Negra Compania Industrial Argentina in a research note on Wednesday, June 18th. They issued a "buy" rating and a $16.00 target price for the company. Bank of America upgraded 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 research note on Wednesday, April 23rd. Finally, Itau BBA Securities upgraded 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 research note on Monday, May 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.80.

Loma Negra Compania Industrial Argentina Price Performance

Shares of NYSE:LOMA traded up $0.04 during trading hours on Friday, hitting $10.57. 170,114 shares of the company's stock traded hands, compared to its average volume of 488,370. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 52 week low of $5.70 and a 52 week high of $14.17. The company's fifty day simple moving average is $11.83 and its two-hundred day simple moving average is $11.43. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 12.58 and a beta of 1.05. 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 posted 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. The business had revenue of $135.42 billion during 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%. As a group, equities 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.