Loma Negra Compania Industrial Argentina (NYSE:LOMA) Shares Up 1.2% – Should You Buy?

Shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) rose 1.2% during mid-day trading on Friday . The company traded as high as $12.54 and last traded at $12.5110. Approximately 157,527 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 262,561 shares. The stock had previously closed at $12.36.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wall Street Zen cut shares of Loma Negra Compania Industrial Argentina from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Loma Negra Compania Industrial Argentina in a research report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.80.

Loma Negra Compania Industrial Argentina Stock Performance

The business has a fifty day moving average of $12.10 and a 200-day moving average of $10.49. The company has a market cap of $1.44 billion, a PE ratio of 40.36 and a beta of 0.87. The company has a current ratio of 1.24, a quick ratio of 0.61 and a debt-to-equity ratio of 0.16.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.11). Loma Negra Compania Industrial Argentina had a return on equity of 4.40% and a net margin of 5.67%.The company had revenue of $135.15 million during the quarter, compared to the consensus estimate of $221.70 million. Equities research analysts anticipate that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 1.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Loma Negra Compania Industrial Argentina

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Verition Fund Management LLC grew its stake in shares of Loma Negra Compania Industrial Argentina by 25.4% in the third quarter. Verition Fund Management LLC now owns 57,640 shares of the company’s stock worth $425,000 after acquiring an additional 11,684 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in Loma Negra Compania Industrial Argentina in the 3rd quarter worth about $2,372,000. Millennium Management LLC grew its position in Loma Negra Compania Industrial Argentina by 144.9% during the 3rd quarter. Millennium Management LLC now owns 45,318 shares of the company’s stock valued at $334,000 after purchasing an additional 26,810 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Loma Negra Compania Industrial Argentina during the 3rd quarter valued at about $8,229,000. Finally, Bank of America Corp DE increased its stake in Loma Negra Compania Industrial Argentina by 44.2% during the 3rd quarter. Bank of America Corp DE now owns 154,959 shares of the company’s stock valued at $1,142,000 after purchasing an additional 47,471 shares in the last quarter. 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.