Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA – Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 268,936 shares traded 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
LOMA has been the topic of several research analyst reports. UBS Group cut shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $6.00 to $5.00 in a research report on Thursday, April 4th. Bank of America raised shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $7.10 to $8.10 in a research report on Monday, April 8th.
View Our Latest Stock Analysis on LOMA
Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance
Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA – Get Free Report) last posted 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 net margin of 1.58% and a return on equity of 1.82%. The business had revenue of $242.13 million during the quarter. On average, research analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.81 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of LOMA. Mirae Asset Global Investments Co. Ltd. raised its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 9.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,522,869 shares of the company’s stock valued at $9,183,000 after buying an additional 126,571 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima during the third quarter worth $37,000. Capital Wealth Planning LLC lifted its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 96.9% during the third quarter. Capital Wealth Planning LLC now owns 112,212 shares of the company’s stock worth $677,000 after purchasing an additional 55,211 shares in the last quarter. Evolution Wealth Advisors LLC lifted its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 45.7% during the third quarter. Evolution Wealth Advisors LLC now owns 22,959 shares of the company’s stock worth $138,000 after purchasing an additional 7,200 shares in the last quarter. Finally, abrdn plc lifted its position in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 32.4% during the third quarter. abrdn plc now owns 899,800 shares of the company’s stock worth $5,426,000 after purchasing an additional 220,200 shares in the last quarter. Hedge funds and other institutional investors 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.
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