Glenorchy Capital Ltd Takes Position in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)

Glenorchy Capital Ltd acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 50,850 shares of the company’s stock, valued at approximately $361,000.

Several other hedge funds and other institutional investors have also modified their holdings of LOMA. RWC Asset Management LLP increased its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 167.8% in the 3rd quarter. RWC Asset Management LLP now owns 1,259,956 shares of the company’s stock valued at $7,598,000 after buying an additional 789,477 shares during the period. Sagil Capital LLP raised its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 174.6% during the third quarter. Sagil Capital LLP now owns 505,181 shares of the company’s stock worth $3,046,000 after acquiring an additional 321,224 shares in the last quarter. abrdn plc raised its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 32.4% during the third quarter. abrdn plc now owns 899,800 shares of the company’s stock worth $5,426,000 after acquiring an additional 220,200 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 9.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,522,869 shares of the company’s stock valued at $9,183,000 after purchasing an additional 126,571 shares in the last quarter. Finally, Quadrature Capital Ltd raised its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 174.7% during the 3rd quarter. Quadrature Capital Ltd now owns 158,476 shares of the company’s stock worth $955,000 after purchasing an additional 100,789 shares in the last quarter. Institutional investors and hedge funds own 19.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on LOMA shares. Bank of America upgraded Loma Negra Compañía Industrial Argentina Sociedad Anónima from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $7.10 to $8.10 in a research report on Monday, April 8th. UBS Group lowered Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $6.00 to $5.00 in a research note on Thursday, April 4th.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Performance

Shares of NYSE:LOMA traded down $0.05 on Tuesday, hitting $7.11. The company had a trading volume of 213,182 shares, compared to its average volume of 410,318. The stock has a 50 day moving average price of $6.82 and a 200 day moving average price of $6.64. The company has a current ratio of 1.09, a quick ratio of 0.44 and a debt-to-equity ratio of 0.38. The stock has a market cap of $830.02 million, a price-to-earnings ratio of 54.70, a P/E/G ratio of 0.31 and a beta of 1.46. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 1-year low of $5.64 and a 1-year high of $7.87.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last released its quarterly earnings results on Wednesday, March 6th. The company reported ($0.41) earnings per share for the quarter. The company had revenue of $242.13 million during the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a net margin of 1.58% and a return on equity of 1.82%. Analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.81 EPS for the current year.

About Loma Negra Compañía Industrial Argentina Sociedad Anónima

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.