RWC Asset Management LLP Has $13.61 Million Stake in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA)

Key Points

• RWC Asset Management LLP has reduced its stake in Loma Negra Compania Industrial Argentina by 7.4%, now owning approximately 1.06% of the company, valued at $13.61 million.
• The company reported earnings of $0.17 per share, exceeding analysts' expectations of $0.12, with a net margin of 14.52%.
• Analysts have set a consensus target price of $14.80 for the stock, with multiple upgrades from firms like Citigroup and Bank of America recommending a buy rating.

RWC Asset Management LLP reduced its holdings in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 1,238,585 shares of the company's stock after selling 99,075 shares during the quarter. RWC Asset Management LLP owned approximately 1.06% of Loma Negra Compania Industrial Argentina worth $13,612,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Insigneo Advisory Services LLC bought a new stake in shares of Loma Negra Compania Industrial Argentina in the 1st quarter worth approximately $135,000. Clear Creek Financial Management LLC bought a new stake in shares of Loma Negra Compania Industrial Argentina in the first quarter worth about $211,000. BNP Paribas Financial Markets lifted its position in 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 purchasing an additional 7,232 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Loma Negra Compania Industrial Argentina during the fourth quarter worth approximately $270,000. Finally, XTX Topco Ltd bought a new stake in Loma Negra Compania Industrial Argentina during the 4th quarter valued at $285,000. 19.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on LOMA. Citigroup assumed coverage on shares of Loma Negra Compania Industrial Argentina in a report on Wednesday, June 18th. They issued a "buy" rating and a $16.00 price objective on the stock. Wall Street Zen downgraded shares of Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Bank of America raised Loma Negra Compania Industrial Argentina from a "neutral" rating to a "buy" rating and increased their target price for the company from $11.50 to $14.00 in a 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 raised their price objective for the stock from $13.00 to $15.00 in a research report on Tuesday, May 20th. 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 target price on the stock in a report on Monday, May 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $14.80.

Loma Negra Compania Industrial Argentina Stock Performance

Shares of NYSE:LOMA traded down $0.31 during trading hours on Thursday, hitting $11.65. The stock had a trading volume of 66,393 shares, compared to its average volume of 377,616. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 13.81 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 S.A. Sponsored ADR has a 1-year low of $5.70 and a 1-year high of $14.17. The stock's fifty day simple moving average is $11.65 and its 200 day simple moving average is $11.36.

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 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $135.42 billion during the quarter, compared to the consensus estimate of $151 billion. 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 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.