UBS Group AG Raises Holdings in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

UBS Group AG lifted its holdings in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) by 71.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,838 shares of the company’s stock after purchasing an additional 81,352 shares during the period. UBS Group AG’s holdings in Loma Negra Compania Industrial Argentina were worth $2,523,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Aberdeen Group plc increased its stake in shares of Loma Negra Compania Industrial Argentina by 16.6% during the 3rd quarter. Aberdeen Group plc now owns 1,201,100 shares of the company’s stock worth $9,044,000 after purchasing an additional 171,210 shares in the last quarter. Fundamenta Capital S.A. purchased a new position in shares of Loma Negra Compania Industrial Argentina during the 4th quarter worth approximately $13,087,000. Helikon Investments Ltd purchased a new position in shares of Loma Negra Compania Industrial Argentina during the 3rd quarter worth approximately $1,787,000. M&G PLC purchased a new position in shares of Loma Negra Compania Industrial Argentina during the 3rd quarter worth approximately $5,968,000. Finally, Banco Santander S.A. purchased a new position in shares of Loma Negra Compania Industrial Argentina during the 3rd quarter worth approximately $101,000. 19.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LOMA shares. Wall Street Zen raised shares of Loma Negra Compania Industrial Argentina from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut 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. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Loma Negra Compania Industrial Argentina Stock Up 5.6%

Shares of LOMA opened at $11.56 on Wednesday. The firm has a market cap of $1.35 billion, a PE ratio of 48.17, a price-to-earnings-growth ratio of 0.46 and a beta of 0.74. The company’s fifty day moving average is $10.99 and its two-hundred day moving average is $11.45. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a fifty-two week low of $7.04 and a fifty-two week high of $14.17. 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 quarterly earnings results on Monday, May 4th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.20. The company had revenue of $158.23 million for the quarter, compared to analyst estimates of $119.83 million. Loma Negra Compania Industrial Argentina had a net margin of 4.38% and a return on equity of 3.27%. Analysts forecast that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.59 earnings per share for the current year.

About Loma Negra Compania Industrial Argentina

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.