Stifel Financial Corp Reduces Holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

Stifel Financial Corp cut its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Free Report) by 49.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 127,624 shares of the company's stock after selling 127,052 shares during the period. Stifel Financial Corp owned about 0.11% of Loma Negra Compañía Industrial Argentina Sociedad Anónima worth $1,524,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 126.5% during the fourth quarter. GAMMA Investing LLC now owns 4,455 shares of the company's stock valued at $53,000 after purchasing an additional 2,488 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter valued at $109,000. Systrade AG bought a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 4th quarter worth $143,000. Virtu Financial LLC increased its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 21.5% in the 3rd quarter. Virtu Financial LLC now owns 18,945 shares of the company's stock worth $153,000 after buying an additional 3,355 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the fourth quarter valued at about $270,000. 19.32% of the stock is currently owned by institutional investors.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

Shares of LOMA stock traded up $0.29 during mid-day trading on Friday, hitting $11.55. The company had a trading volume of 278,383 shares, compared to its average volume of 501,585. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.29 and a quick ratio of 0.43. The stock's 50 day moving average price is $10.77 and its 200-day moving average price is $11.15. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 52-week low of $5.70 and a 52-week high of $13.79. The company has a market capitalization of $1.35 billion, a P/E ratio of 19.58 and a beta of 1.14.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.17 earnings per share for the quarter, beating 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 return on equity of 8.60% and a net margin of 9.42%. Equities research analysts forecast that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 1.25 earnings per share for the current year.

Analyst Ratings Changes

Separately, Bank of America raised Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $11.50 to $14.00 in a research note on Wednesday, April 23rd.

Loma Negra Compañía Industrial Argentina Sociedad Anónima 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.