Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA – Get Free Report) saw an uptick in trading volume on Thursday . 450,106 shares were traded during mid-day trading, an increase of 4% from the previous session’s volume of 433,496 shares.The stock last traded at $6.40 and had previously closed at $6.60.
Analysts Set New Price Targets
LOMA has been the subject of several recent research reports. UBS Group lowered Loma Negra Compañía Industrial Argentina Sociedad Anónima from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $6.00 to $5.00 in a report on Thursday, April 4th. Bank of America raised shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $7.10 to $8.10 in a report on Monday, April 8th.
View Our Latest Analysis on Loma Negra Compañía Industrial Argentina Sociedad Anónima
Loma Negra Compañía Industrial Argentina Sociedad Anónima Stock Down 0.6 %
Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA – Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.52 earnings per share for the quarter. Loma Negra Compañía Industrial Argentina Sociedad Anónima had a return on equity of 6.34% and a net margin of 5.68%. The company had revenue of $137.71 million for the quarter. During the same period in the prior year, the business posted $0.24 earnings per share. Analysts expect that Loma Negra Compañía Industrial Argentina Sociedad Anónima will post 0.79 earnings per share for the current year.
Hedge Funds Weigh In On Loma Negra Compañía Industrial Argentina Sociedad Anónima
Several institutional investors and hedge funds have recently made changes to their positions in LOMA. Deuterium Capital Management LLC purchased a new stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the first quarter valued at about $67,000. Virtu Financial LLC boosted its holdings in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 272.8% during the 1st quarter. Virtu Financial LLC now owns 37,799 shares of the company’s stock valued at $252,000 after acquiring an additional 27,660 shares during the period. Glenorchy Capital Ltd bought a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter worth approximately $361,000. Jump Financial LLC increased its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 41.8% in the 4th quarter. Jump Financial LLC now owns 55,602 shares of the company’s stock worth $394,000 after purchasing an additional 16,402 shares during the period. Finally, RWC Asset Management LLP grew 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 worth $10,241,000 after acquiring an additional 184,419 shares during the last quarter. Institutional investors own 19.32% of the company’s stock.
About Loma Negra Compañía Industrial Argentina Sociedad Anónima
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.
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