Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Reaches New 12-Month High at $7.87

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $7.87 and last traded at $7.58, with a volume of 206866 shares. The stock had previously closed at $7.60.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LOMA shares. Bank of America raised shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $7.10 to $8.10 in a report on Monday. UBS Group cut shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "sell" rating and reduced their target price for the company from $6.00 to $5.00 in a research report on Thursday, April 4th.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Down 1.1 %

The company's 50 day moving average price is $6.74 and its 200 day moving average price is $6.57. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.09 and a quick ratio of 0.44. The firm has a market cap of $877.88 million, a PE ratio of 57.85, a price-to-earnings-growth ratio of 0.21 and a beta of 1.46.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported ($0.41) earnings per share (EPS) for the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 1.82% and a net margin of 1.58%. The firm had revenue of $242.13 million during the quarter. As a group, analysts forecast that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.7 EPS for the current fiscal year.

Institutional Trading of Loma Negra Compañía Industrial Argentina Sociedad Anónima

Several institutional investors have recently modified their holdings of LOMA. Envestnet Asset Management Inc. increased its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 4.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 48,427 shares of the company's stock valued at $246,000 after acquiring an additional 1,898 shares during the period. UBS Group AG increased its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 103.2% in the 3rd quarter. UBS Group AG now owns 5,632 shares of the company's stock valued at $35,000 after acquiring an additional 2,860 shares during the period. Invesco Ltd. increased its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 2.5% in the 1st quarter. Invesco Ltd. now owns 126,048 shares of the company's stock valued at $721,000 after buying an additional 3,094 shares during the period. Renaissance Technologies LLC increased its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 3.2% in the 1st quarter. Renaissance Technologies LLC now owns 175,800 shares of the company's stock valued at $1,006,000 after buying an additional 5,518 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 19.32% of the company's stock.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima

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.