Loma Negra Compania Industrial Argentina (NYSE:LOMA) Sees Large Volume Increase – What’s Next?

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) shares saw unusually-high trading volume on Monday . Approximately 1,051,855 shares changed hands during trading, an increase of 174% from the previous session’s volume of 383,191 shares.The stock last traded at $12.4040 and had previously closed at $12.00.

Analysts Set New Price Targets

LOMA has been the topic of several research reports. Weiss Ratings downgraded shares of Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded shares of Loma Negra Compania Industrial Argentina from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Loma Negra Compania Industrial Argentina Price Performance

The business’s fifty day moving average is $11.10 and its 200-day moving average is $11.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.02 and a quick ratio of 0.65. The firm has a market cap of $1.44 billion, a PE ratio of 51.61, a P/E/G ratio of 0.51 and a beta of 0.76.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.20. Loma Negra Compania Industrial Argentina had a net margin of 4.38% and a return on equity of 3.27%. The business had revenue of $158.23 million during the quarter, compared to the consensus estimate of $119.83 million. On average, research analysts predict that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of Loma Negra Compania Industrial Argentina

Institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Loma Negra Compania Industrial Argentina during the third quarter valued at $8,229,000. Fundamenta Capital S.A. acquired a new stake in shares of Loma Negra Compania Industrial Argentina during the 4th quarter worth about $13,087,000. M&G PLC purchased a new position in Loma Negra Compania Industrial Argentina during the 3rd quarter worth approximately $5,968,000. PointState Capital LP grew its stake in shares of Loma Negra Compania Industrial Argentina by 245.3% in the 4th quarter. PointState Capital LP now owns 1,130,732 shares of the company’s stock valued at $14,643,000 after purchasing an additional 803,289 shares during the last quarter. Finally, RWC Asset Management LLP lifted its holdings in shares of Loma Negra Compania Industrial Argentina by 36.8% in the 4th quarter. RWC Asset Management LLP now owns 1,965,612 shares of the company’s stock valued at $25,455,000 after buying an additional 529,153 shares during the period. 19.32% of the stock is currently owned by institutional investors.

About Loma Negra Compania Industrial Argentina

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.