Loma Negra Compania Industrial Argentina (NYSE:LOMA) Shares Gap Up – What’s Next?

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA)’s share price gapped up prior to trading on Friday . The stock had previously closed at $12.32, but opened at $12.80. Loma Negra Compania Industrial Argentina shares last traded at $12.6590, with a volume of 189,714 shares traded.

Wall Street Analysts Forecast Growth

LOMA has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Loma Negra Compania Industrial Argentina in a report on Monday, December 1st. Wall Street Zen downgraded shares of Loma Negra Compania Industrial Argentina from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.80.

Loma Negra Compania Industrial Argentina Stock Performance

The stock has a fifty day moving average of $9.92 and a 200-day moving average of $10.42. The firm has a market capitalization of $1.42 billion, a P/E ratio of 39.31 and a beta of 0.89. The company has a quick ratio of 0.61, a current ratio of 1.24 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 for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.11). Loma Negra Compania Industrial Argentina had a return on equity of 4.40% and a net margin of 5.67%.The firm had revenue of $135.15 million for the quarter, compared to analyst estimates of $221.70 million. On average, research analysts anticipate that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 EPS for the current year.

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

A number of large investors have recently modified their holdings of LOMA. INCA Investments LLC grew its holdings in shares of Loma Negra Compania Industrial Argentina by 4.1% in the 2nd quarter. INCA Investments LLC now owns 1,936,036 shares of the company’s stock valued at $21,238,000 after acquiring an additional 75,760 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Loma Negra Compania Industrial Argentina by 9.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,525,857 shares of the company’s stock valued at $16,769,000 after purchasing an additional 138,063 shares during the last quarter. Fourth Sail Capital LP grew its stake in Loma Negra Compania Industrial Argentina by 8.6% in the second quarter. Fourth Sail Capital LP now owns 1,456,770 shares of the company’s stock valued at $15,981,000 after purchasing an additional 115,964 shares in the last quarter. RWC Asset Management LLP increased its position in shares of Loma Negra Compania Industrial Argentina by 21.8% during the 3rd quarter. RWC Asset Management LLP now owns 1,436,459 shares of the company’s stock worth $10,587,000 after purchasing an additional 257,318 shares during the last quarter. Finally, Aberdeen Group plc increased its position in shares of Loma Negra Compania Industrial Argentina by 16.6% during the 3rd quarter. Aberdeen Group plc now owns 1,201,100 shares of the company’s stock worth $9,044,000 after purchasing an additional 171,210 shares during the last quarter. 19.32% of the stock is currently owned by institutional investors and hedge funds.

Loma Negra Compania Industrial Argentina 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.