RWC Asset Management LLP Increases Stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

RWC Asset Management LLP increased its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,444,375 shares of the company’s stock after buying an additional 184,419 shares during the period. RWC Asset Management LLP owned about 1.24% of Loma Negra Compañía Industrial Argentina Sociedad Anónima worth $10,241,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Glenorchy Capital Ltd acquired a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at $361,000. Penserra Capital Management LLC raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 96.9% in the third quarter. Penserra Capital Management LLC now owns 112,212 shares of the company’s stock valued at $676,000 after buying an additional 55,211 shares in the last quarter. Quadrature Capital Ltd raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 174.7% in the third quarter. Quadrature Capital Ltd now owns 158,476 shares of the company’s stock valued at $955,000 after buying an additional 100,789 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 120.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,154 shares of the company’s stock valued at $676,000 after buying an additional 61,247 shares in the last quarter. Finally, Sagil Capital LLP raised its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 174.6% in the third quarter. Sagil Capital LLP now owns 505,181 shares of the company’s stock valued at $3,046,000 after buying an additional 321,224 shares in the last quarter. 19.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LOMA. UBS Group cut Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “sell” rating and cut their price target for the company from $6.00 to $5.00 in a research note on Thursday, April 4th. Bank of America upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $7.10 to $8.10 in a research report on Monday, April 8th.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

Shares of LOMA traded up $0.02 during midday trading on Friday, reaching $7.19. 359,534 shares of the stock were exchanged, compared to its average volume of 457,523. The business’s 50-day moving average price is $6.86 and its 200 day moving average price is $6.66. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.09 and a quick ratio of 0.44. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a twelve month low of $5.64 and a twelve month high of $7.87. The company has a market capitalization of $839.36 million, a price-to-earnings ratio of 55.31, a PEG ratio of 0.32 and a beta of 1.46.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last posted 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. On average, sell-side analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.81 EPS 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.