Glenorchy Capital Ltd Purchases New Position in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

Glenorchy Capital Ltd acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 50,850 shares of the company’s stock, valued at approximately $361,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. RWC Asset Management LLP lifted its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 167.8% during the 3rd quarter. RWC Asset Management LLP now owns 1,259,956 shares of the company’s stock valued at $7,598,000 after acquiring an additional 789,477 shares during the period. Sagil Capital LLP grew its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 174.6% in the 3rd quarter. Sagil Capital LLP now owns 505,181 shares of the company’s stock worth $3,046,000 after purchasing an additional 321,224 shares during the period. abrdn plc lifted its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 32.4% during the 3rd quarter. abrdn plc now owns 899,800 shares of the company’s stock valued at $5,426,000 after buying an additional 220,200 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 9.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,522,869 shares of the company’s stock worth $9,183,000 after buying an additional 126,571 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 174.7% in the 3rd quarter. Quadrature Capital Ltd now owns 158,476 shares of the company’s stock worth $955,000 after buying an additional 100,789 shares during the last quarter. Hedge funds and other institutional investors own 19.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. UBS Group lowered shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “sell” rating and cut their price target for the stock from $6.00 to $5.00 in a report on Thursday, April 4th. Bank of America raised 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 research note on Monday, April 8th.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Down 0.7 %

LOMA stock traded down $0.05 during mid-day trading on Tuesday, hitting $7.11. 213,182 shares of the company were exchanged, compared to its average volume of 410,318. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 12-month low of $5.64 and a 12-month high of $7.87. 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 has a fifty day simple moving average of $6.82 and a 200-day simple moving average of $6.64. The firm has a market capitalization of $830.02 million, a P/E ratio of 54.70, a PEG ratio of 0.31 and a beta of 1.46.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last announced its earnings results on Wednesday, March 6th. The company reported ($0.41) EPS for the quarter. The firm had revenue of $242.13 million for the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 1.58% and a return on equity of 1.82%. On average, equities research analysts predict that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.81 earnings per share for the current fiscal year.

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.