Voloridge Investment Management LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 96,526 shares of the company's stock, valued at approximately $1,153,000. Voloridge Investment Management LLC owned approximately 0.08% of Loma Negra Compañía Industrial Argentina Sociedad Anónima at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of LOMA. BNP Paribas Financial Markets lifted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 57.5% in the 4th quarter. BNP Paribas Financial Markets now owns 19,807 shares of the company's stock valued at $236,000 after acquiring an additional 7,232 shares in the last quarter. SG Americas Securities LLC bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter valued at approximately $109,000. Virtu Financial LLC lifted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 104.8% in the 4th quarter. Virtu Financial LLC now owns 38,800 shares of the company's stock valued at $463,000 after acquiring an additional 19,855 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter valued at approximately $270,000. Finally, XTX Topco Ltd bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter valued at approximately $285,000. Institutional investors own 19.32% of the company's stock.
Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Down 3.1%
Shares of NYSE:LOMA traded down $0.41 during trading on Friday, hitting $12.63. 609,914 shares of the company were exchanged, compared to its average volume of 498,592. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 21.41 and a beta of 1.14. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a fifty-two week low of $5.70 and a fifty-two week high of $14.17. The firm has a fifty day moving average price of $11.39 and a two-hundred day moving average price of $11.52. The company has a current ratio of 1.29, a quick ratio of 0.43 and a debt-to-equity ratio of 0.19.
Loma Negra Compañía Industrial Argentina Sociedad Anónima (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 the consensus estimate of $0.12 by $0.05. The firm had revenue of $135.42 billion for the quarter, compared to analyst estimates of $151 billion. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 8.60% and a net margin of 9.42%. As a group, research analysts anticipate that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. Bank of America upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and boosted their target price for the company from $11.50 to $14.00 in a research note on Wednesday, April 23rd. Itau BBA Securities upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "market perform" rating to an "outperform" rating and set a $14.20 target price on the stock in a research note on Monday, May 12th. Finally, Morgan Stanley raised Loma Negra Compañía Industrial Argentina Sociedad Anónima from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $13.00 to $15.00 in a research report on Tuesday, May 20th.
Get Our Latest Stock Report on LOMA
About Loma Negra Compañía Industrial Argentina Sociedad Anónima
(
Free Report)
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.
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