Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Sees Large Volume Increase

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) saw unusually-strong trading volume on Monday . Approximately 268,936 shares traded hands during trading, a decline of 35% from the previous session’s volume of 414,780 shares.The stock last traded at $7.48 and had previously closed at $7.42.

Wall Street Analysts Forecast Growth

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

Loma Negra Compañía Industrial Argentina Sociedad Anónima Price Performance

The company’s 50 day moving average price is $6.97 and its 200 day moving average price is $6.70. The company has a quick ratio of 0.44, a current ratio of 1.09 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $873.80 million, a price-to-earnings ratio of 57.62, a P/E/G ratio of 0.33 and a beta of 1.44.

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

Institutional Investors Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sagil Capital LLP increased its holdings in 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 buying an additional 321,224 shares in the last quarter. Quadrature Capital Ltd grew its stake in 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 valued at $955,000 after acquiring an additional 100,789 shares in the last quarter. abrdn plc grew its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 32.4% during the 3rd quarter. abrdn plc now owns 899,800 shares of the company’s stock valued at $5,426,000 after acquiring an additional 220,200 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 120.3% in the 3rd 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 last quarter. Finally, RWC Asset Management LLP boosted its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 14.6% in the 4th quarter. RWC Asset Management LLP now owns 1,444,375 shares of the company’s stock valued at $10,241,000 after purchasing an additional 184,419 shares during the last quarter. 19.32% of the stock is currently owned by institutional investors and hedge funds.

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.