Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) by 89.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,387,794 shares of the company's stock after acquiring an additional 655,533 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 1.19% of Loma Negra Compañía Industrial Argentina Sociedad Anónima worth $16,570,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LOMA. Arrowstreet Capital Limited Partnership acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter valued at $15,543,000. INCA Investments LLC acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter worth about $8,986,000. Glenorchy Capital Ltd raised its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 100.8% in the 4th 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. D. E. Shaw & Co. Inc. lifted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 100.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 460,315 shares of the company's stock valued at $5,496,000 after buying an additional 231,007 shares during the last quarter. Finally, Brevan Howard Capital Management LP acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at about $4,516,000. Institutional investors and hedge funds own 19.32% of the company's stock.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Up 1.5%

Loma Negra Compañía Industrial Argentina Sociedad Anónima stock traded up $0.20 during midday trading on Wednesday, reaching $13.33. 251,725 shares of the stock traded hands, compared to its average volume of 494,291. The firm has a market cap of $1.56 billion, a PE ratio of 22.51 and a beta of 1.14. The company has a current ratio of 1.29, a quick ratio of 0.43 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $10.99 and a two-hundred day simple moving average of $11.35. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 12-month low of $5.70 and a 12-month high of $13.79.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.05. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 8.60% and a net margin of 9.42%. The firm had revenue of $135.42 billion during the quarter, compared to analyst estimates of $151 billion. Research analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LOMA has been the subject of a number of recent analyst reports. Morgan Stanley upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $13.00 to $15.00 in a research report on Tuesday. Itau BBA Securities upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "market perform" rating to an "outperform" rating and set a $14.20 target price for the company in a report on Monday, May 12th. Finally, Bank of America raised 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 report on Wednesday, April 23rd.

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.