Voloridge Investment Management LLC Makes New $1.15 Million Investment in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

Voloridge Investment Management LLC purchased a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 96,526 shares of the company's stock, valued at approximately $1,153,000. Voloridge Investment Management LLC owned about 0.08% of Loma Negra Compañía Industrial Argentina Sociedad Anónima as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in LOMA. Two Sigma Advisers LP purchased a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter worth $500,000. Two Sigma Investments LP raised its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 280.7% during the 4th quarter. Two Sigma Investments LP now owns 205,002 shares of the company's stock worth $2,448,000 after purchasing an additional 151,155 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 89.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,387,794 shares of the company's stock worth $16,570,000 after buying an additional 655,533 shares during the last quarter. Glenorchy Capital Ltd grew its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 100.8% during the fourth quarter. Glenorchy Capital Ltd now owns 462,366 shares of the company's stock valued at $5,521,000 after buying an additional 232,055 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 100.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 460,315 shares of the company's stock worth $5,496,000 after buying an additional 231,007 shares during the last quarter. 19.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LOMA has been the topic of a number of research analyst reports. Bank of America upgraded shares of 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 raised shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "market perform" rating to an "outperform" rating and set a $14.20 price target on the stock in a report 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 increased their price objective for the company from $13.00 to $15.00 in a report on Tuesday, May 20th.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

LOMA traded down $0.29 during trading hours on Monday, hitting $12.39. The stock had a trading volume of 260,212 shares, compared to its average volume of 497,816. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 1 year low of $5.70 and a 1 year high of $14.17. The company's fifty day simple moving average is $11.43 and its 200 day simple moving average is $11.56. The stock has a market cap of $1.45 billion, a PE ratio of 20.99 and a beta of 1.14. The company has a quick ratio of 0.43, a current ratio of 1.29 and a debt-to-equity ratio of 0.19.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last issued its 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. The firm had revenue of $135.42 billion during the quarter, compared to analyst estimates of $151 billion. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 9.42% and a return on equity of 8.60%. Equities analysts anticipate that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 earnings per share for the current year.

Loma Negra Compañía Industrial Argentina Sociedad Anónima 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.