Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA) Shares Up 3.9% – Here’s Why

Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE:LOMA)’s share price shot up 3.9% during mid-day trading on Tuesday . The company traded as high as $11.71 and last traded at $11.60. 68,411 shares were traded during trading, a decline of 87% from the average session volume of 529,780 shares. The stock had previously closed at $11.16.

Loma Negra Compañía Industrial Argentina Sociedad Anónima Trading Down 1.7 %

The company has a quick ratio of 0.43, a current ratio of 1.29 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $11.28 and a 200 day simple moving average of $10.62. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 18.83 and a beta of 1.31.

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

A number of institutional investors have recently bought and sold shares of LOMA. Voloridge Investment Management LLC acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter worth approximately $1,153,000. Two Sigma Advisers LP acquired a new position in Loma Negra Compañía Industrial Argentina Sociedad Anónima during the 4th quarter valued at about $500,000. Two Sigma Investments LP increased its stake in Loma Negra Compañía Industrial Argentina Sociedad Anónima by 280.7% during the 4th quarter. Two Sigma Investments LP now owns 205,002 shares of the company’s stock valued at $2,448,000 after buying an additional 151,155 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 89.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,387,794 shares of the company’s stock valued at $16,570,000 after buying an additional 655,533 shares during the period. Finally, Glenorchy Capital Ltd increased its holdings in shares of Loma Negra Compañía Industrial Argentina Sociedad Anónima by 100.8% in the fourth quarter. Glenorchy Capital Ltd now owns 462,366 shares of the company’s stock valued at $5,521,000 after buying an additional 232,055 shares in the last quarter. 19.32% of the stock is currently owned by hedge funds and other institutional investors.

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.