Loma Negra Compania Industrial Argentina (NYSE:LOMA) Trading 6.9% Higher – Here’s What Happened

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) shares were up 6.9% during mid-day trading on Wednesday . The company traded as high as $12.29 and last traded at $12.3150. 269,884 shares were traded during mid-day trading, a decline of 30% from the average session volume of 386,446 shares. The stock had previously closed at $11.52.

Analysts Set New Price Targets

LOMA has been the subject of a number of recent research reports. Weiss Ratings lowered shares of Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered shares of Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a research note on Sunday, July 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Loma Negra Compania Industrial Argentina Trading Down 2.0%

The stock has a market capitalization of $1.39 billion, a PE ratio of 49.77, a P/E/G ratio of 0.52 and a beta of 0.77. The firm has a 50 day moving average price of $11.54 and a 200 day moving average price of $11.31. The company has a quick ratio of 0.65, a current ratio of 2.02 and a debt-to-equity ratio of 0.20.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last announced its earnings results on Monday, May 4th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.20. The company had revenue of $158.23 million for the quarter, compared to analysts’ expectations of $119.83 million. Loma Negra Compania Industrial Argentina had a return on equity of 3.27% and a net margin of 4.38%. Equities analysts expect that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LOMA. Balyasny Asset Management L.P. increased its stake in Loma Negra Compania Industrial Argentina by 53.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 141,765 shares of the company’s stock valued at $1,555,000 after buying an additional 49,567 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Loma Negra Compania Industrial Argentina by 5.1% during the second quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company’s stock worth $344,000 after acquiring an additional 1,524 shares during the period. Engineers Gate Manager LP boosted its position in Loma Negra Compania Industrial Argentina by 35.3% in the second quarter. Engineers Gate Manager LP now owns 24,773 shares of the company’s stock worth $272,000 after purchasing an additional 6,463 shares during the last quarter. Van ECK Associates Corp purchased a new stake in shares of Loma Negra Compania Industrial Argentina during the 3rd quarter valued at $28,000. Finally, UBS Group AG raised its stake in shares of Loma Negra Compania Industrial Argentina by 117.0% during the 3rd quarter. UBS Group AG now owns 113,486 shares of the company’s stock worth $836,000 after purchasing an additional 61,180 shares during the period. 19.32% of the stock is owned by institutional investors.

Loma Negra Compania Industrial Argentina Company Profile

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.