Loma Negra Compania Industrial Argentina (NYSE:LOMA) Sees Large Volume Increase – Still a Buy?

Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA) shares saw an uptick in trading volume on Monday . 1,051,855 shares traded hands during trading, an increase of 174% from the previous session’s volume of 383,191 shares.The stock last traded at $12.4040 and had previously closed at $12.00.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LOMA. Weiss Ratings lowered Loma Negra Compania Industrial Argentina from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen raised Loma Negra Compania Industrial Argentina from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Loma Negra Compania Industrial Argentina Stock Performance

The company has a current ratio of 2.02, a quick ratio of 0.65 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 48.15, a price-to-earnings-growth ratio of 0.52 and a beta of 0.76. The stock has a fifty day moving average price of $11.14 and a 200 day moving average price of $11.48.

Loma Negra Compania Industrial Argentina (NYSE:LOMA) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.20. The business had revenue of $158.23 million for the quarter, compared to analyst estimates of $119.83 million. Loma Negra Compania Industrial Argentina had a return on equity of 3.27% and a net margin of 4.38%. As a group, analysts predict that Loma Negra Compania Industrial Argentina S.A. Sponsored ADR will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LOMA. Balyasny Asset Management L.P. increased its holdings in shares of Loma Negra Compania Industrial Argentina by 53.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 141,765 shares of the company’s stock valued at $1,555,000 after acquiring an additional 49,567 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Loma Negra Compania Industrial Argentina by 5.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 31,336 shares of the company’s stock valued at $344,000 after purchasing an additional 1,524 shares during the period. Engineers Gate Manager LP boosted its stake in Loma Negra Compania Industrial Argentina by 35.3% during the 2nd quarter. Engineers Gate Manager LP now owns 24,773 shares of the company’s stock valued at $272,000 after purchasing an additional 6,463 shares during the period. State of Wyoming bought a new stake in Loma Negra Compania Industrial Argentina during the 3rd quarter valued at approximately $314,000. Finally, Aberdeen Group plc boosted its stake in Loma Negra Compania Industrial Argentina by 16.6% during the 3rd quarter. Aberdeen Group plc now owns 1,201,100 shares of the company’s stock valued at $9,044,000 after purchasing an additional 171,210 shares during the period. Institutional investors and hedge funds own 19.32% of the company’s stock.

About Loma Negra Compania Industrial Argentina

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.