Loma Negra Compania Industrial Argentina (NYSE:LOMA) Trading Up 1.2% – Here’s Why

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA)’s stock price traded up 1.2% during trading on Friday . The company traded as high as $12.54 and last traded at $12.5110. 157,527 shares traded hands during trading, a decline of 40% from the average session volume of 262,561 shares. The stock had previously closed at $12.36.

Wall Street Analyst Weigh In

LOMA has been the topic of several analyst reports. Wall Street Zen cut Loma Negra Compania Industrial Argentina from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Loma Negra Compania Industrial Argentina in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $14.80.

Loma Negra Compania Industrial Argentina Stock Performance

The business’s 50 day simple moving average is $12.10 and its two-hundred day simple moving average is $10.49. The firm has a market capitalization of $1.44 billion, a PE ratio of 40.36 and a beta of 0.87. The company has a current ratio of 1.24, a quick ratio of 0.61 and a debt-to-equity ratio of 0.16.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.11). Loma Negra Compania Industrial Argentina had a net margin of 5.67% and a return on equity of 4.40%. The firm had revenue of $135.15 million for the quarter, compared to the consensus estimate of $221.70 million. Research analysts expect that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. INCA Investments LLC boosted its stake in shares of Loma Negra Compania Industrial Argentina by 4.1% during the 2nd quarter. INCA Investments LLC now owns 1,936,036 shares of the company’s stock worth $21,238,000 after acquiring an additional 75,760 shares during the last quarter. Fourth Sail Capital LP raised its holdings in Loma Negra Compania Industrial Argentina by 8.6% in the 2nd quarter. Fourth Sail Capital LP now owns 1,456,770 shares of the company’s stock worth $15,981,000 after purchasing an additional 115,964 shares during the period. RWC Asset Management LLP lifted its position in Loma Negra Compania Industrial Argentina by 21.8% during the third quarter. RWC Asset Management LLP now owns 1,436,459 shares of the company’s stock valued at $10,587,000 after purchasing an additional 257,318 shares in the last quarter. Aberdeen Group plc lifted its position in Loma Negra Compania Industrial Argentina by 16.6% during the third quarter. Aberdeen Group plc now owns 1,201,100 shares of the company’s stock valued at $9,044,000 after purchasing an additional 171,210 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Loma Negra Compania Industrial Argentina during the third quarter valued at about $8,229,000. 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.