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

Ping Capital Management Inc. boosted its holdings in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) by 32.7% in the 1st quarter, according to its most recent filing with the Securities & 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 accounts for about 0.5% of Ping Capital Management Inc.'s portfolio, making the stock its 18th largest holding. 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.

Several other hedge funds and other institutional investors have also bought and sold shares of LOMA. INCA Investments LLC lifted its stake in Loma Negra Compania Industrial Argentina by 147.2% during the first quarter. INCA Investments LLC now owns 1,860,276 shares of the company's stock worth $20,444,000 after purchasing an additional 1,107,669 shares during the last quarter. Clear Creek Financial Management LLC bought a new stake in Loma Negra Compania Industrial Argentina during the first quarter worth $211,000. Insigneo Advisory Services LLC bought a new stake in Loma Negra Compania Industrial Argentina during the first quarter worth $135,000. GAMMA Investing LLC increased its position in Loma Negra Compania Industrial Argentina by 935.8% during the 1st quarter. GAMMA Investing LLC now owns 46,147 shares of the company's stock worth $507,000 after purchasing an additional 41,692 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in Loma Negra Compania Industrial Argentina during the 4th quarter worth approximately $1,153,000. Institutional investors and hedge funds own 19.32% of the company's stock.

Loma Negra Compania Industrial Argentina Trading Up 0.9%

Shares of LOMA traded up $0.10 during trading hours on Monday, hitting $10.63. 71,663 shares of the stock were exchanged, compared to its average volume of 487,205. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a fifty-two week low of $5.70 and a fifty-two week high of $14.17. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.90 and a quick ratio of 0.23. The business has a 50-day moving average of $11.83 and a 200-day moving average of $11.41. The firm has a market capitalization of $1.24 billion, a P/E ratio of 12.70 and a beta of 1.05.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) last posted its quarterly earnings data 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. Loma Negra Compania Industrial Argentina had a net margin of 14.52% and a return on equity of 12.51%. The company had revenue of $135.42 billion during the quarter, compared to analysts' expectations of $151 billion. On average, research analysts expect that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 EPS for the current year.

Wall Street Analysts Forecast Growth

LOMA has been the subject of a number of research analyst reports. 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 stock from $11.50 to $14.00 in a research report on Wednesday, April 23rd. 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 stock from $13.00 to $15.00 in a research report on Tuesday, May 20th. 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 for the company in a research report on Monday, May 12th. Wall Street Zen cut shares of Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, Citigroup assumed 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 target price on the stock. One 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 a consensus price target of $14.80.

Loma Negra Compania Industrial Argentina 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.