Loma Negra Compania Industrial Argentina (NYSE:LOMA) Stock Price Up 4.5% – What’s Next?

Shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) rose 4.5% during mid-day trading on Monday . The company traded as high as $10.18 and last traded at $10.13. 214,537 shares were traded during trading, a decline of 45% from the average session volume of 392,975 shares. The stock had previously closed at $9.69.

Wall Street Analysts Forecast Growth

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

Loma Negra Compania Industrial Argentina Price Performance

The firm has a market cap of $1.18 billion, a PE ratio of 34.83, a P/E/G ratio of 0.44 and a beta of 0.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.25 and a quick ratio of 0.72. The business’s fifty day moving average is $10.90 and its 200-day moving average is $11.02.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last released its earnings results on Thursday, August 6th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). The company had revenue of $160.41 million for the quarter, compared to the consensus estimate of $108.44 million. Loma Negra Compania Industrial Argentina had a net margin of 5.05% and a return on equity of 3.79%. On average, research analysts predict that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Loma Negra Compania Industrial Argentina

Several large investors have recently bought and sold shares of the business. Crocodile Capital Partners GmbH increased its position in shares of Loma Negra Compania Industrial Argentina by 47.6% in the 2nd quarter. Crocodile Capital Partners GmbH now owns 147,250 shares of the company’s stock valued at $1,686,000 after acquiring an additional 47,514 shares during the period. ABS Direct Equity Fund LLC grew its stake in Loma Negra Compania Industrial Argentina by 73.1% during the 1st quarter. ABS Direct Equity Fund LLC now owns 179,961 shares of the company’s stock worth $1,996,000 after buying an additional 75,971 shares during the last quarter. Absolute Gestao de Investimentos Ltda. boosted its stake in Loma Negra Compania Industrial Argentina by 72.6% during the 1st quarter. Absolute Gestao de Investimentos Ltda. now owns 147,436 shares of the company’s stock worth $1,635,000 after purchasing an additional 62,010 shares during the period. PointState Capital LP raised its stake in shares of Loma Negra Compania Industrial Argentina by 245.3% during the 4th quarter. PointState Capital LP now owns 1,130,732 shares of the company’s stock worth $14,643,000 after buying an additional 803,289 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Loma Negra Compania Industrial Argentina in the fourth quarter valued at approximately $461,000. 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.