Loma Negra Compania Industrial Argentina (NYSE:LOMA) Trading 4.5% Higher - What's Next?

Key Points

• Loma Negra’s stock rose 4.5% to $10.13 in Monday trading, reaching an intraday high of $10.18, though volume was 45% below its average.
• Analyst sentiment remains moderately bullish: Citigroup reiterated a Buy rating, while Wall Street Zen downgraded the stock to Hold; overall, one analyst rates it Buy and one rates it Hold.
• The company’s latest quarterly results were mixed, with revenue of $160.41 million exceeding estimates but EPS of $0.05 falling short of the $0.11 consensus. Institutional investors own 19.32% of the stock, with several large funds recently increasing their positions.

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Get Free Report)'s stock price was up 4.5% during trading on Monday . The company traded as high as $10.18 and last traded at $10.13. 214,537 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 392,975 shares. The stock had previously closed at $9.69.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen lowered shares of Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a research report on Sunday, July 5th. Citigroup reiterated a "buy" rating on shares of Loma Negra Compania Industrial Argentina in a report on Wednesday, August 12th. Finally, Weiss Ratings upgraded Loma Negra Compania Industrial Argentina from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

Loma Negra Compania Industrial Argentina Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.25 and a quick ratio of 0.72. The company has a market cap of $1.18 billion, a PE ratio of 34.83, a P/E/G ratio of 0.44 and a beta of 0.75. The company has a 50-day moving average price of $10.90 and a two-hundred day moving average price of $11.02.

Loma Negra Compania Industrial Argentina (NYSE:LOMA - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.06). Loma Negra Compania Industrial Argentina had a net margin of 5.05% and a return on equity of 3.79%. The company had revenue of $160.41 million for the quarter, compared to analyst estimates of $108.44 million. Sell-side analysts expect that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of Loma Negra Compania Industrial Argentina

Several large investors have recently modified their holdings of the company. Balyasny Asset Management L.P. raised its holdings in Loma Negra Compania Industrial Argentina by 53.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 141,765 shares of the company's stock worth $1,555,000 after acquiring an additional 49,567 shares during the period. BNP Paribas Financial Markets grew its position in shares of Loma Negra Compania Industrial Argentina by 5.1% in the second quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company's stock valued at $344,000 after purchasing an additional 1,524 shares during the last quarter. Engineers Gate Manager LP lifted its position in shares of Loma Negra Compania Industrial Argentina by 35.3% during the 2nd quarter. Engineers Gate Manager LP now owns 24,773 shares of the company's stock worth $272,000 after purchasing an additional 6,463 shares during the last quarter. Van ECK Associates Corp bought a new stake in Loma Negra Compania Industrial Argentina during the 3rd quarter valued at approximately $28,000. Finally, UBS Group AG grew its holdings in Loma Negra Compania Industrial Argentina by 117.0% in the 3rd quarter. UBS Group AG now owns 113,486 shares of the company's stock valued at $836,000 after buying an additional 61,180 shares during the last quarter. 19.32% of the stock is owned by institutional investors.

Loma Negra Compania Industrial Argentina Company Profile

Loma Negra Compañía Industrial Argentina SA is the leading cement producer in Argentina, with a history dating back to its founding in Buenos Aires in 1926. The company operates an integrated network of cement and lime plants, as well as quarries and ready-mix concrete facilities. Its operations encompass the extraction of limestone, the production of clinker, hydraulic cement and quicklime, and the distribution of aggregates and concrete for a wide range of construction projects.

The company's product portfolio serves residential, commercial, industrial and public infrastructure markets across Argentina.

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