RWC Asset Management LLP Sells 99,075 Shares of 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 lowered its position in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) by 7.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,238,585 shares of the company's stock after selling 99,075 shares during the period. RWC Asset Management LLP owned about 1.06% of Loma Negra Compania Industrial Argentina worth $13,612,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Insigneo Advisory Services LLC bought a new stake in Loma Negra Compania Industrial Argentina during the 1st quarter worth $135,000. Clear Creek Financial Management LLC bought a new stake in Loma Negra Compania Industrial Argentina during the 1st quarter worth $211,000. BNP Paribas Financial Markets grew its position in Loma Negra Compania Industrial Argentina by 57.5% during the 4th quarter. BNP Paribas Financial Markets now owns 19,807 shares of the company's stock worth $236,000 after acquiring 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 4th quarter worth $270,000. Finally, XTX Topco Ltd bought a new stake in Loma Negra Compania Industrial Argentina during the 4th quarter worth $285,000. Institutional investors own 19.32% of the company's stock.

Loma Negra Compania Industrial Argentina Trading Up 2.5%

Shares of NYSE:LOMA traded up $0.29 during midday trading on Monday, reaching $11.91. The company's stock had a trading volume of 489,139 shares, compared to its average volume of 268,101. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 14.18 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. The firm has a 50 day moving average price of $11.70 and a two-hundred day moving average price of $11.36. 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.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.17 EPS for the quarter, beating 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 business had revenue of $135.42 billion during the quarter, compared to analyst estimates of $151 billion. As a group, analysts forecast that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LOMA. Bank of America upgraded Loma Negra Compania Industrial Argentina from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $11.50 to $14.00 in a research report on Wednesday, April 23rd. Citigroup started 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 on the stock. Morgan Stanley raised Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $13.00 to $15.00 in a report on Tuesday, May 20th. Wall Street Zen downgraded Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Itau BBA Securities raised 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 given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.