Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Shares Bought by RWC Asset Management LLP

RWC Asset Management LLP raised its position in Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) by 14.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,444,375 shares of the company’s stock after purchasing an additional 184,419 shares during the quarter. RWC Asset Management LLP’s holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima were worth $10,241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Glenorchy Capital Ltd acquired a new stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima in the fourth quarter valued at approximately $361,000. Penserra Capital Management LLC increased its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 96.9% in the third quarter. Penserra Capital Management LLC now owns 112,212 shares of the company’s stock valued at $676,000 after purchasing an additional 55,211 shares during the period. Quadrature Capital Ltd increased its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 174.7% in the third quarter. Quadrature Capital Ltd now owns 158,476 shares of the company’s stock valued at $955,000 after purchasing an additional 100,789 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 120.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 112,154 shares of the company’s stock valued at $676,000 after purchasing an additional 61,247 shares during the period. Finally, Sagil Capital LLP increased its stake in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 174.6% in the third quarter. Sagil Capital LLP now owns 505,181 shares of the company’s stock valued at $3,046,000 after purchasing an additional 321,224 shares during the period. Institutional investors and hedge funds own 19.32% of the company’s stock.

Analyst Upgrades and Downgrades

LOMA has been the topic of several analyst reports. Bank of America upgraded shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from an “underperform” rating to a “neutral” rating and raised their price target for the company from $7.10 to $8.10 in a research note on Monday, April 8th. UBS Group cut shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $6.00 to $5.00 in a report on Thursday, April 4th.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

Shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima stock traded up $0.02 on Friday, hitting $7.19. The company had a trading volume of 359,534 shares, compared to its average volume of 457,523. The business has a 50-day simple moving average of $6.86 and a 200-day simple moving average of $6.66. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.09 and a quick ratio of 0.44. The company has a market cap of $839.36 million, a PE ratio of 55.31, a PEG ratio of 0.32 and a beta of 1.46. Loma Negra Compañía Industrial Argentina Sociedad Anónima has a 52 week low of $5.64 and a 52 week high of $7.87.

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) last posted its quarterly earnings data on Wednesday, March 6th. The company reported ($0.41) earnings per share (EPS) 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%. Research analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.81 EPS for the current fiscal year.

Loma Negra Compañía Industrial Argentina Sociedad Anónima 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.