Shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA – Get Free Report) shot up 7.9% during mid-day trading on Thursday . The stock traded as high as $12.22 and last traded at $12.2630. 122,661 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 384,978 shares. The stock had previously closed at $11.36.
Wall Street Analyst Weigh In
Several research firms recently issued reports on LOMA. Weiss Ratings cut Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded Loma Negra Compania Industrial Argentina from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $16.00.
Loma Negra Compania Industrial Argentina Trading Up 9.4%
Loma Negra Compania Industrial Argentina (NYSE:LOMA – Get Free Report) last issued its earnings results on Monday, May 4th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.20. The business 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%. As a group, research analysts forecast that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.59 earnings per share for the current fiscal year.
Institutional Trading of Loma Negra Compania Industrial Argentina
Several institutional investors have recently made changes to their positions in LOMA. Van ECK Associates Corp acquired a new stake in shares of Loma Negra Compania Industrial Argentina in the third quarter valued at $28,000. Banco Santander S.A. acquired a new stake in shares of Loma Negra Compania Industrial Argentina in the third quarter valued at $101,000. Advisors Preferred LLC acquired a new stake in shares of Loma Negra Compania Industrial Argentina in the third quarter valued at $133,000. Savant Capital LLC acquired a new stake in shares of Loma Negra Compania Industrial Argentina in the fourth quarter valued at $180,000. Finally, Mangrove Partners IM LLC acquired a new stake in shares of Loma Negra Compania Industrial Argentina in the fourth quarter valued at $201,000. Hedge funds and other institutional investors own 19.32% of the company’s stock.
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.
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