Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Trading 4.4% Higher

Shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) rose 4.4% during trading on Monday . The stock traded as high as $7.26 and last traded at $7.12. Approximately 137,094 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 379,939 shares. The stock had previously closed at $6.82.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LOMA shares. UBS Group cut shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "sell" rating and cut their target price for the stock from $6.00 to $5.00 in a research report on Thursday. Bank of America upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $7.10 to $8.10 in a report on Monday.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Up 11.4 %

The firm has a market capitalization of $887.22 million, a PE ratio of 58.47, a P/E/G ratio of 0.21 and a beta of 1.46. The company has a quick ratio of 0.44, a current ratio of 1.09 and a debt-to-equity ratio of 0.38. The business's fifty day moving average price is $6.73 and its 200 day moving average price is $6.56.

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) 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 for the quarter. As a group, analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.7 EPS for the current fiscal year.

Institutional Investors Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

A number of institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 3.2% during the first 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 in the last quarter. Invesco Ltd. lifted its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 2.5% during the first quarter. Invesco Ltd. now owns 126,048 shares of the company's stock valued at $721,000 after buying an additional 3,094 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter valued at approximately $86,000. Eaton Vance Management acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter valued at approximately $2,796,000. Finally, Virtu Financial LLC acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter valued at approximately $127,000. 19.32% of the stock is currently owned by hedge funds and other institutional investors.

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.