SkyView Investment Advisors LLC Lowers Holdings in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

SkyView Investment Advisors LLC decreased its holdings in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) by 83.1% in the second quarter, HoldingsChannel.com reports. The fund owned 16,000 shares of the company’s stock after selling 78,507 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Loma Negra Compania Industrial Argentina were worth $183,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital International Investors lifted its holdings in Loma Negra Compania Industrial Argentina by 0.4% in the 4th quarter. Capital International Investors now owns 4,668,387 shares of the company’s stock worth $60,456,000 after purchasing an additional 20,758 shares in the last quarter. Fourth Sail Capital LP grew its holdings in Loma Negra Compania Industrial Argentina by 1.4% during the 4th quarter. Fourth Sail Capital LP now owns 2,404,072 shares of the company’s stock valued at $31,133,000 after buying an additional 32,148 shares in the last quarter. RWC Asset Management LLP grew its holdings in Loma Negra Compania Industrial Argentina by 36.8% during 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 in the last quarter. UBS Group AG raised its position in shares of Loma Negra Compania Industrial Argentina by 71.7% during the fourth quarter. UBS Group AG now owns 194,838 shares of the company’s stock valued at $2,523,000 after buying an additional 81,352 shares during the last quarter. Finally, ABS Direct Equity Fund LLC raised its position in shares of Loma Negra Compania Industrial Argentina by 73.1% during the first quarter. ABS Direct Equity Fund LLC now owns 179,961 shares of the company’s stock valued at $1,996,000 after buying an additional 75,971 shares during the last quarter. Hedge funds and other institutional investors own 19.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LOMA. Wall Street Zen downgraded shares of Loma Negra Compania Industrial Argentina from a “buy” rating to a “hold” rating in a report on Sunday, July 5th. Weiss Ratings upgraded shares of Loma Negra Compania Industrial Argentina from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Finally, Citigroup reiterated a “buy” rating on shares of Loma Negra Compania Industrial Argentina in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Loma Negra Compania Industrial Argentina Stock Performance

NYSE LOMA opened at $9.62 on Tuesday. The stock has a market capitalization of $1.12 billion, a PE ratio of 33.18, a P/E/G ratio of 0.30 and a beta of 0.74. The business has a 50 day simple moving average of $10.55 and a two-hundred day simple moving average of $10.92. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.25 and a quick ratio of 0.72. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 1-year low of $7.04 and a 1-year high of $13.20.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.06). The firm had revenue of $160.41 million for the quarter, compared to analysts’ expectations of $108.44 million. Loma Negra Compania Industrial Argentina had a return on equity of 3.79% and a net margin of 5.05%. On average, research analysts predict that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.8 EPS for the current fiscal year.

About Loma Negra Compania Industrial Argentina

Loma Negra Compañía Industrial Argentina SA is an Argentine manufacturer of construction materials and one of the country’s leading cement producers. The company supplies cement for residential, commercial and infrastructure projects throughout Argentina.

Its product portfolio includes Portland cement, masonry cement, ready-mix concrete, aggregates and lime, along with related construction materials and services. Loma Negra serves construction companies, concrete producers, distributors, infrastructure contractors and retail customers through a network of production and distribution facilities.

The company was founded in 1926 by Alfredo Fortabat and has played a significant role in the development of Argentina’s cement industry.