Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Sees Large Volume Increase

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) shares saw strong trading volume on Monday . 268,936 shares changed hands during trading, a decline of 35% from the previous session's volume of 414,780 shares.The stock last traded at $7.48 and had previously closed at $7.42.

Analysts Set New Price Targets

A number of research analysts have recently commented 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 upped their price objective for the company from $7.10 to $8.10 in a research note on Monday, April 8th. UBS Group cut Loma Negra Compañía Industrial Argentina Sociedad Anónima from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $6.00 to $5.00 in a research note on Thursday, April 4th.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Up 2.4 %

The business's 50 day moving average is $6.95 and its two-hundred day moving average is $6.69. The firm has a market capitalization of $887.22 million, a P/E ratio of 58.47, a PEG ratio of 0.33 and a beta of 1.44. The company has a quick ratio of 0.44, a current ratio of 1.09 and a debt-to-equity ratio of 0.38.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA - Get Free Report) last announced its 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. Analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.81 EPS for the current year.

Hedge Funds Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the third quarter worth $37,000. Evolution Wealth Advisors LLC grew its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 45.7% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 22,959 shares of the company's stock valued at $138,000 after acquiring an additional 7,200 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the 3rd quarter valued at about $236,000. Glenorchy Capital Ltd purchased a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter worth approximately $361,000. Finally, Penserra Capital Management LLC boosted its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 96.9% during the third quarter. Penserra Capital Management LLC now owns 112,212 shares of the company's stock worth $676,000 after purchasing an additional 55,211 shares during the period. Institutional investors and hedge funds 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.